SEVERAL FIRMS IN EUROPE PLAN STAFF REDUCTIONS
A number of European major companies plan staff reductions as big projects wind down and streamlining continues. BP Exploration Operating Co. Ltd. will cut 230 jobs at its Stockley Park, London, office by yearend. The move will mainly hit technical and seismic processing staff supporting operations in Angola, Nigeria, and Viet Nam. A spokesman said the move reflects increasing use of computer technology and the trend toward partnerships with contractors.