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.
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also said it was cutting 3,000 contractor roles and that 2,600 of those contractors had already departed.
Why is BP, the British oil giant, cutting thousands of jobs?
British multinational oil and gas company BP announced on Thursday that it would reduce its workforce by thousands as part of a significant cost-cutting initiative. The company aims to streamline its operations and reduce expenses in response to challenging market conditions and the ongoing transition towards cleaner energy sources.
BP to cut 4,700 jobs to reduce costs
Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday,
BP to slash thousands of jobs in cost-cutting move
British Petroleum, the U.K.-based oil and gasoline company commonly known as BP, is cutting nearly 5,000 jobs across the globe.
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