BP crisis: Oil giant to cut 10,000 jobs from workforce – major coronavirus blow

1 min


83
12 shares, 83 points
BP crisis: Oil giant to cut 10,000 jobs from workforce – major coronavirus blow

The oil giant said the move will “significantly impact senior levels” of management in the business, with its top leadership roles to be slashed by a third. The company said the cuts were part of plans for the business to reduce its operating costs by £1.9bn through the digitalisation and integration of its businesses for new financial year, although they”will likely have to go even further”.

In an email to staff, BP chief executive Bernard Looney said: “We will now begin a process that will see close to 10,000 people leaving BP – most by the end of this year.

“The majority of people affected will be in office-based jobs.

“We are protecting the frontline of the company and, as always, prioritising safe and reliable operations.”

The company employs 70,000 people across the globe.

The job cuts are part of Mr Looney’s drive to make the 111-year-old oil company more nimble as it prepares for the shift to low-carbon energy.

He said: “It was always part of the plan to make BP a leaner, faster-moving and lower-carbon company.”

READ MORE: Heathrow Airport job losses: Boss warns 25k jobs at risk 


Like it? Share with your friends!

83
12 shares, 83 points

What's Your Reaction?

hate hate
10
hate
confused confused
2
confused
fail fail
16
fail
fun fun
14
fun
geeky geeky
12
geeky
love love
6
love
lol lol
8
lol
omg omg
2
omg
win win
16
win

Read exclusive latest news on entertainment, music, gaming and more topics with unprecedented coverage from around the UK and US.

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.