Oil giant BP cuts thousands of jobs to slash costs
British energy giant BP says it will axe 4700 staff jobs, about 5% of its workforce, and is cutting thousands of contractor roles to reduce costs. The move is part of a “multi-year programme to ...
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BP and Iraq sign deal for Kirkuk redevelopment
Meeting follows non-binding memorandum of understanding announced last August that paves way for BP’s redevelopment of Kirkuk ...
FTSE 100 Live 17 January: Index sets new record, retail miss boosts rate cut hopes
The FTSE 100 index is seen moving closer to a record high after back-to-back sessions in which London’s top flight has risen ...
BP to cut 5% of global workforce, mostly from office staff
Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.
Trumps tasks congressman with writing executive order he could issue to halt offshore wind
President-elect Donald Trump tasked a New Jersey congressman and vocal critic of offshore wind with writing an executive ...
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BP shedding almost 8,000 jobs globally as cost-cutting continues
The energy giant employs around 14,000 workers in the UK, although there’s no information as yet as to how many British ...
BP cuts over 5% of workforce to reduce costs
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
BP’s woes felt in the Bay Area as it lays off thousands globally
BP is one of many companies with venture arms investing in the Bay Area. Where they put their money can signal a larger corporate strategy.
Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
Why is BP, the British oil giant, cutting thousands of jobs?
British multinational oil and gas company BP announced on Thursday that it would reduce its workforce by thousands as part of ...
Middle East geopolitical shifts offer Lebanon chance to control its own fate
Geopolitical shifts in the troubled Middle East, highlighted by the overthrow of Syrian President Bashar Assad and Iran's ...
BP Slashes Workforce By 5% To Reach $2 Billion In Savings Goal
Oil and gas giant BP Plc BP is reducing its workforce by 4,700 positions, which accounts for 5% of its employees, and eliminating more than 3,000 contractor jobs. The oil giant aims to streamline its ...