BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive
London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The oil giant will also remove 3,000 contractor positions, reports Reuters, having seen an internal memo letting staff know of the upcoming changes.
BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor ...
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, I’m afraid, is still in an identity crisis,” said Bank of America’s Head of European Energy Research Christopher Kuplent ...
BP has delayed a New York investor event to allow boss Murray Auchincloss to recover after a medical procedure. The oil giant ...
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 ...
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Chief exec Murray Auchincloss (pictured) told staff the oil giant would axe 4,700 roles - 5% of its global workforce - and ...
BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...
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BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...
Murray Auchincloss took the helm at the supermajor in September 2023, promising to turn around the company’s fortunes ...
Oil giant BP (BP) is laying off about 5% of its workforce as it looks to bring down costs, CEO Murray Auchincloss told staff ...
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