Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.
BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation ...
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.
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BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...
BP will cut over 5% of its global workforce as part of a strategy to reduce costs and rebuild investor confidence. CEO Murray ...
London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...
Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a ...
BP is set to reduce over 5% of its global workforce, impacting 4,700 employees and 3,000 contractor roles. The cost-cutting ...
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