BP is to cut nearly 8,000 jobs as the oil giant’s chief executive battles to cut costs by as much as $2bn (£1.6bn).

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans.

BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor ...

Stocks in New York were called mixed. The Dow Jones Industrial Average was called down 0.1%, the S&P 500 index up 0.3%, and the Nasdaq Composite up 0.4%. Brent oil was quoted lower at USD80.53 a ...

BP will reduce its workforce by around 4,700 staff and cut 3,000 contractor positions as part of CEO Murray Auchincloss' cost ...

BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on ...

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs ...

British oil major BP on Thursday said it is planning to cut 4,700 jobs, around 5% of its total workforce, Reuters reported, ...