Aberdeen-based energy services group will shed some of its 11,500 UK workforce as part of £20m-plus cost-reduction plan
Wood Group, the energy services firm, will cut jobs this year after becoming the latest company to slash spending following the sharp fall in the price of oil.
The Aberdeen-based company said it would save more than $30m (£20m) by reducing and deferring spending in the current financial year, and would cut its number of employees.