The North Sea oil and gas industry has cut 5,500 jobs since late last year, according to the Oil and Gas Authority (OGA), the UK's oil and gas regulator.
In a report published this morning, the OGA said plummeting oil prices had created an even more challenging economic environment for the North Sea's oil and gas industry, which had caused it to cut jobs.
The difficult conditions “underlined the need for structural change in our industry”, he added.
“We should be in no doubt about the scale of the challenge ahead.”
Despite the recent cutbacks, the oil and gas industry still supports 375,000 jobs.