BP will axe 1,500 jobs and 1,200 contractor positions as it uncovers its biggest oil reserves in 25 years.
Raluca Ioana Draghici
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Economy
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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
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Gigantul britanic din industria energiei BP va concedia încă 6.200 de oameni, în a doua restructurare din acest an
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