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    BP cutting 500 jobs in the North Sea

    News // March 28, 2002
    BP has confirmed that it plans to axe 500 jobs in the UK. The company says the redundancies are necessary to "safeguard the future of its investment in the North Sea".

    "Streamlining our business now is critical if we are able to create a successful and sustainable future," BP said in a statement. "We also need to reverse the current trend of rising costs".

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