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Oil and gas deterioration puts 3,000 jobs at risk

Subsea 7
BBC

Hundreds of North Sea jobs are thought to be under threat at an offshore oil and gas company.

Underwater engineering firm Subsea 7 has announced it is to cut 3,000 jobs from its 12,000 global workforce.

The company said: "Faced with a significant deterioration in the oil and gas market, we are taking swift and decisive action to address the elements under our control."

It is believed several hundred of those could be cut in the UK. Subsea 7 has offices in Aberdeen, a support yard in Glasgow and engineering facilities at Wick and Leith.

Read more here.