2 February 2016
RMT Press Office:
RMT warns of long-term damage to future of Britain's offshore industry as jobs cull continues.
Offshore union RMT warned today of long-term damage to Britain’s energy industry after BP posted its largest annual loss for at least 20 years and revealed another 3,000 job losses as it continued to hack back on budgets in the face of global turmoil.
RMT said that there could be further attacks in the future on its members and their pay and working conditions after BP slumped into the red by £3.6 billion with the company confirming that it will axe another 3,000 jobs worldwide in its downstream business - including refining, marketing and distribution - by the end of 2017, on top of the 4,000 cuts announced last year in a desperate scramble to slash costs without assessing the longer term implications for safety and assets.
Shell, which reports its annual results on Thursday, has seen its shares fall by more than 3% today as markets await more bad news.
RMT general secretary Mick Cash said:
“The grim news for Britain’s vital offshore energy industry continues to pile up and the human cost of this is becoming clearer as livelihoods are destroyed and decent working conditions in our safety-critical environment are undermined.
“When the banks were in similar turmoil eight years ago there was no shortage of Government intervention to pull them through and yet all we have had so far from David Cameron are warm words and promises of jam tomorrow.
“RMT will be working with our sister unions in the offshore field, and the Scottish TUC, to mobilise the maximum possible industrial, political and public support for our lifeline energy industry.”