BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.
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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The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...
Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.
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