Reuters: BG Group to slash jobs in Britain and Australia - paper

Oil and gas producer BG Group Plc is cutting nearly 300 jobs in Britain and making significant cuts in Australia, weeks after warning that turmoil in Egypt would hit output this year and in 2015, the Times newspaper reported on Thursday.

BG will cut about a quarter of the staff at its head office in Reading, England, the paper said on its website, without citing sources. 

It added that BG would make significant reductions to its 1,000 employees in Australia, where it is building a series of liquefied natural gas (LNG) projects.

The company has been holding talks with staff over the past few days outlining the redundancy package on offer, the Times said.

BG, which employs 5,500 people in 20 countries, could not be reached for comment outside of regular business hours.  MORE