On July 29, 2024, the logo of British oil and gasoline company BP (British Petroleum) was photographed in Warsaw, Poland.
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British oil giant blood pressure The company said Thursday it plans to cut thousands of jobs as part of a major cost-cutting drive.
BP said in a statement: “Today, we told BP employees that the proposed changes announced to date are expected to impact approximately 4,700 BP jobs – which account for the majority of expected job losses this year.
“We will also reduce the number of contractors by 3,000,” the company said.
The measures aimed at cutting costs were introduced after BP Chief Executive Murray Auchincloss proposed them. explain Last year, the company planned to save at least $2 billion in cash by the end of 2026.
As an energy market player, BP’s recent performance has lagged behind its European rivals continue to ask questions The company’s investment case.
BP shares were up 1.6% on Thursday morning.
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