BP has announced plans to cut 4,700 jobs from its global workforce and 3,000 contractor roles as part of a cost-saving initiative. The energy giant aims to reduce costs by at least $2 billion by 2026. While the company did not disclose the number of job cuts per country, the reductions represent just over 5% of BP's 90,000-strong workforce.
BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes as last year, BP launched a plan to reduce its costs by at least $2bn by the end of 2026 - with the cuts a part of that. The company did not disclose how many people were affected by the cuts per country. But the reductions amount to just over 5% of its 90,000 people worldwide workforce.
He wrote: 'I understand and recognise the uncertainty this brings for everyone whose job may be at risk, and also the effect it can have on colleagues and teams. 'We have a range of support available, and please continue to show care for each other, be considerate, and keep putting safety first - especially during times of change.' The redundancies announced today were said to 'account for much of the anticipated reduction this year' a company spokesperson told Sky News.
BP Job Cuts Cost-Saving Energy Redundancies
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