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 Cut Over 5% of Workforce in CEO Cost Cut Drive
LONDON (Reuters) - 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 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 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 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 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.
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.
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.
One of the world's biggest oil companies is cutting thousands of jobs
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 Thursday.
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.
BP cuts over 5% of workforce in CEO Murray Auchincloss' cost-cutting plan
BP CEO Auchincloss last year vowed to reduce the British company's costs by at least $2 billion by the end of 2026 as part of ...
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...
BP, Iraq set to sign massive Kirkuk oil and gas deal, oil minister says
BP (NYSE:BP) and Iraq's government will sign a major deal covering four Kirkuk oil and gas fields by the first week of ...
BP p.l.c. Hold Rating Amid Strategic Transition Challenges and Financial Volatility
BP p.l.c. (BP – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Christopher Kuplent from ...
New York City lawsuit against Exxon, BP, Shell over climate change dismissed
A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil , BP and Shell liable for misleading the public ...
BP delays investor day after CEO's medical procedure, sees lower Q4 upstream production
BP (NYSE:BP) -1.3% pre-market Tuesday after saying Q4 results will be hurt by lower oil and gas production, refining margins ...