Reported 3 days ago
BP has announced the plan to eliminate 6,200 jobs and end contracts for over 4,000 contractors by the end of this year as part of a strategy to cut costs and refocus on its core oil and gas operations. The job cuts, representing about 15% of BP's global workforce, come as the company shifts more resources back to fossil fuel production while still maintaining some renewable energy commitments. The CEO stated that these changes are not due to financial issues but aimed at enhancing returns for investors.
Source: YAHOO