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
09:15
Over 20,000 Russians have crossed the Russian-Georgian border in the last 24 hours, due to fears related to forced mobilization into war.
09:09
EXCLUSIVE | August 20, 2026. Trends in online searches / last 24 hours
08:58
A tourist helicopter crashed in central Kenya. The head of the intelligence service from Ecuador, among the victims.
08:45
A military drone Shahed-136 has entered unauthorized into the airspace of the Republic of Moldova, through the village of Etulia, Gagauzia
08:29
The High Court of Cassation and Justice is expected to pronounce today the final decision in the case of outstanding salary rights for magistrates.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
