News

June 23, 2020

New incubator to turn jobless energy workers into entrepreneurs

A wave of redundancies in the oil and gas sector could turn into a wave of new startups.


Maija Palmer

2 min read

Photo by form PxHere

A huge wave of redundancies is heading for the energy sector, as companies cut back on staffing levels in the face of low oil prices. BP is cutting 10,000 jobs, or around 15% of its global workforce. Centrica is cutting 5,000 jobs, while OVO Energy announced 2,600 job cuts.

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