Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

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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.

Jan. 16 (UPI) --Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost-cutting measure, the company announced. That amounts to about 5% of its total workforce. The company made ...

Despite a 14% decline in its stock price this year, bringing it to approximately $29 per share, we believe BP plc stock (NYSE: BP) has the potential for long-term growth. Although the ongoing ...

BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes as ...

Picture of a BP sign (Nicholas.T.Ansell/PA Wire) Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a medical procedure as it ...

BP Plc’s Greater Tortue Ahmeyim project started producing gas from offshore fields in Senegal and Mauritania, and both countries expect deliveries soon in a boost to economic growth. The $4.8 ...

BP told staff on Thursday its plans would impact around 4,700 roles and that it would also reduce contractor numbers by 3000. BP is to cut thousands of jobs across its global workforce as it looks ...

BP Plc eliminará 4.700 puestos internos, alrededor del 5% de su fuerza laboral, y más de 3.000 empleos de contratistas, comunicó el director ejecutivo, Murray Auchincloss, al personal el jueves ...

FILE – A logo of BP at a gas station in London, on Nov. 1, 2022. (AP Photo/Kin Cheung, File) LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 ...