BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive
BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive - The energy firm is aiming to save two billion US dollars across two years
BP cuts over 5% of workforce in CEO Murray Auchincloss' cost-cutting plan
BP CEO Auchincloss last year vowed to reduce the British company's costs by at least $2 billion by the end of 2026 as part of his drive to boost returns amid investor concerns
BP Eliminates Thousands of Jobs in Cost-Cutting Effort, CEO Says
BP Plc is cutting 4,700 positions internally and 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
BP set to eliminate thousands of jobs in turnaround plan: CEO Murray Auchincloss
BP shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe 600 Energy Index, which rose 0.2%.
BP to Cut Over 5% of Workforce in CEO Cost Cut Drive
LONDON (Reuters) - BP announced on Thursday that it will cut around 4,700 staff, or over 5% of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs.
BP to cut 4,700 jobs and 3,000 contractor roles in fresh wave of cost-cutting measures
BP has said it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a cost-saving drive.
BP axes 4,700 jobs in cost-cutting drive
BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as part of an effort to save $2bn of costs and revive its share price. The energy company also plans to cut the number of contractors it uses by 3,
news.stv18m
BP boss announces energy giant will cut 4,700 jobs globally
Murray Auchincloss has said in a letter to staff that the energy giant will cut around 4,700 jobs, representing about 5% of ...
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.
BP warns of fourth-quarter profit hit, postpones capital markets day
BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and ...
BP Set to Eliminate 7,700 Roles in Turnaround Plan, CEO Says
BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief ...
RTE Online1h
BP cuts over 5% of workforce in CEO's cost cut drive
BP announced today that it will cut around 4,700 staff, or over 5% of its total workforce, as part of chief executive Murray ...
BP cuts over 5% of workforce in CEO cost cut drive
BP will reduce its workforce by around 4,700 staff and cut 3,000 contractor positions as part of CEO Murray Auchincloss' cost ...
BP reveals boss Auchincloss recovering after procedure as it signals weaker trading
Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a ...
Upstream19h
Delay to BP strategy announcement amps up investor pressure
Murray Auchincloss took the helm at the supermajor in September 2023, promising to turn around the company’s fortunes ...