BP to cut 4,700 jobs and 3,000 contractor roles to reduce costs
LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive officer (CEO) Murray Auchincloss told staff on Jan 16, as the London-based energy giant seeks to reduce costs.
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation ...
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 shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe ...
8hon MSN
Chief exec Murray Auchincloss (pictured) told staff the oil giant would axe 4,700 roles - 5% of its global workforce - and ...
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.
BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...
Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a ...
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