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140 new news items in the last 24 hours
  1. Home
  2. Economy

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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5 August 2025, 18:25
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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.

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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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Gigantul britanic din industria energiei BP va concedia încă 6.200 de oameni, în a doua restructurare din acest an

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NEWS ON THE SAME TOPICS

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British American Tobacco will lay off 5,500 employees and will move 3,500 positions to foreign companies, affecting 9,000 jobs.
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