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(Image courtesy of BG Group)

The British BG Group has begun offering voluntary redundancy to staff at its headquarters, the company said.

This comes in an effort to reduce headcount and trim costs.

BG Group has been hit by lower than expected production rates and is now focusing on streamlining its operations.

“We have invited UK contracted employees based at our head office in Reading to express their interest in a voluntary redundancy package,” a company spokesman said.

The company employs 1,100 staff at its head office in Reading, England, and has a global workforce of 5,200.

“There is no target for the number of applications (to the voluntary redundancy scheme),” the spokesman said.

Analysts expect BG Group to cut up to 300 jobs in Britain alone, with significant cuts in Australia.