UK oil major Wood Group is set to cut hundreds of jobs as it prepares to release its 2023 annual results, reports suggest. According to Sky News, the London-listed oil major is eyeing up the axeing of 200 positions from its 36,000-strong employee base. The firm employs roughly 6,500 in the UK, the majority of whom are based in Aberdeen. The news comes nearly a year after a rumoured £1.7bn takeover by private equity giant Apollo Management was culled, with the investment group saying that it would make no further offers. The news wiped 35…
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