BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told ...

Oil giant BP (BP) is laying off about 5% of its workforce as it looks to bring down costs, CEO Murray Auchincloss told staff ...

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.

Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

BP is cutting around 7,700 jobs (5% of its workforce) to reduce costs and improve its financial performance for investors.

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

British energy giant BP announced Thursday that it would slash 4,700 staff jobs, or 5% of its workforce, and cut thousands of ...

BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.

London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...

BP p.l.c. (NYSE:BP) shares fell premarket on Tuesday after the company updated fourth-quarter guidance. The company expects ...