BP will axe 1,500 jobs and 1,200 contractor positions as it uncovers its biggest oil reserves in 25 years.
Raluca Ioana Draghici
.webp)
Economy
www.shutterstock.com
Always see our news on Google
Energy giant BP has announced that it will cut 1,500 jobs and 1,200 contractor positions in light of a global workforce review. It comes amid a significant oil and gas discovery, the biggest in 25 years. Half-year profits fell by almost a third and BP is facing pressure from shareholders to increase profits and cut costs. The company is working on a $5 billion cost-cutting plan through 2027 and has announced it will divest assets worth $20 billion.
Sources
BP anunță mii de concedieri în ziua în care a avut cea mai mare descoperire de petrol din ultimii 25 de ani
Gigantul britanic din industria energiei BP va concedia încă 6.200 de oameni, în a doua restructurare din acest an
Gigantul britanic din industria energiei BP va concedia încă 6.200 de oameni, în a doua restructurare din acest an
Latest News
22:40
Trade exchanges between Romania and the USA exceeded 7.8 billion dollars in 2025
22:33
Craiova University drew 1-1 in the first leg of the Europa League play-off against Ararat-Armenia.
22:19
USA: a 35-year-old woman has been accused of supporting ISIS and planning an attack on the Congress building in New York
22:08
An earthquake with a magnitude of 7.2 occurred in the Ayacucho region of Peru, with no information about casualties or material damage.
21:58
Traian Băsescu criticized the political negotiations regarding the Salary Law: "They are wasting their time trying to reach a result"
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
