UK oil company BP cuts jobs to save costs
BP, the U.K.-based oil company, is implementing a global cost-saving strategy that includes eliminating 4,700 jobs and cutting an additional 3,000 co ...
BP is a victim of wishful thinking on fossil fuels
Donald Trump’s inaugural address as US president this week included a eulogy to fossil fuels and the “liquid gold under our feet”. Despite BP’s large oil and gas operations and reserves in Texas and ...
The HR Digest14d
BP Layoffs Announced in Pursuit of $2 Billion in Savings
The BP layoffs are expected to affect over 5% of the company’s workforce, with the cuts mainly taking place among office ...
BP to Lay Off 4,700 Employees and 3,000 Contractors to Cut Costs and Rebuild Investor Confidence
British Petroleum (BP) has announced a significant restructuring initiative that will see the company lay off approximately 4,700 employees and 3,000 contractors. This decision is part of a broader ...
Business Recorder14d
Oil giant BP cuts thousands of jobs to slash costs
LONDON: British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs. The move is part ...
Namibian Sun14d
BP cuts over 5% of workforce as CEO ramps up cost cutting
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...
D-Day looms for BP boss as oil giant trails its rivals
Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on February 26 is now a 'huge day for him personally'.
Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
BP to slash 4,700 jobs to cut costs
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...
Mint17d
BP to cut 4,700 jobs globally as part of cost-cutting drive
CEO Murray Auchincloss informed staff of the layoffs in an email, which was shared with the PA news agency, on Thursday. He wrote: “I understand and recognise the uncertainty this brings for ...
Gulf Times17d
BP cuts over 5% of workforce to reduce costs
BP will cut over 5% of its global workforce, it said yesterday, as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence in the energy giant. Around 4,700 ...
This is Money17d
BP to slash 8,000 jobs in bid to save £1.6bn: Axe falls as boss waters down its green targets
Chief executive Murray Auchincloss (pictured) told staff yesterday the oil giant would axe 4,700 roles – 5 per cent of its global workforce – and 3,000 contractor positions. The cuts – part ...