Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.
BP to axe 7,700 jobs as it makes major announcement
BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans.
BP to cut more than 5% of workforce to cut costs
Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, in order to reduce costs. BP has also told staff that about 3,000 contractor positions will be cut. The energy giant has a global workforce of around 90,000, with about 14,000 in the UK.
BP to cut over 5% of workforce in CEO cost cut drive
BP announced on Thursday that it will cut around 4,700 staff, or over 5% of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs.
BP to cut 4,700 jobs and 3,000 contractor roles from its global workforce
BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes as last year, BP launched a plan to reduce its costs by at least $2bn (£1.6bn) by the end of 2026 - with the cuts a part of that.
Oil Giant BP To Cut Thousands Of Jobs To Slash Costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs and cut thousands of contractor roles as it slashes costs.
BP to axe 4,700 jobs globally amid cost-cutting drive
BP has said it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a cost-saving drive. The company did not disclose how many people were affected per country, but the reductions amount to just over 5% of its 90,000 ...
Oil major BP to cut thousands of jobs in cost-cutting drive
British oil major BP on Thursday said it is planning to cut 4,700 jobs, around 5% of its total workforce, Reuters reported, citing a company spokesperon.
BP axes 4,700 jobs in cost-cutting drive
BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as part of an effort to save $2bn of costs and revive its share price. The energy company also plans to cut the number of contractors it uses by 3,
BP Eliminates Thousands of Jobs in Cost-Cutting Effort, CEO Says
BP Plc is cutting 4,700 positions internally and 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
BP announces plan to cut 4,700 jobs in blow to the economy
BP has announced plans to axe more than 4,700 jobs as part of its latest restructuring plans in a blow to economy. The oil industry giant is slashing over five per cent of its global total workforce This is part of CEO Murray Auchincloss' wider efforts to reduce costs for the business.
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.
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BP Expects to Book Up to $2 Billion in Charges, Sees Lower Upstream Production
The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.
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Upstream4h
Aker BP strengthens its production
The improved performance comes as the company has continued to ramp up operations across key assets. Aker BP said it will ...