Business > U.S.

BP to cut 10,000 jobs as the coronavirus pandemic continues to squeeze Big Oil

One year ago   |   By Fortune

BP Plc plans to cut 10,000 jobs as the coronavirus pandemic accelerates the company's move to slim down for the energy transition.
The public health crisis has hit company earnings and forced many to change the way they operate. European competitor Royal Dutch Shell Plc is said to be offering voluntary redundancies in a bid to become leaner, and U.S. rivals Chevron Corp. and Marathon Oil Corp. are among others laying off employees.
BP will let go of 14% of its workforce, Chief Executive Officer Bernard Looney said in an internal note. The move will mostly affect staff in office-based jobs...
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Energy Firm BP to Cut 10,000 Jobs Worldwide Amid Coronavirus Pandemic

One year ago   |   By Time

Energy company BP said Monday that its global workforce will be trimmed by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.
Chief Executive Bernard Looney said that the roles will be office-based and come mostly this year. The company's current global workforce is 70,000.
The changes are expected to significantly impact senior levels, cutting the number of group leaders by a third. The company said it will make the senior structure flatter.
The job cuts come amid a time of tremendous change for BP. The energy producer has said it wants to eliminate or offset all carbon...
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BP to cut 10,000 jobs worldwide amid virus pandemic

One year ago   |   By Boston Herald

By DANICA KIRKA
LONDON - Energy producer BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.
Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. The changes are expected to significantly affect senior levels, cutting the number of group leaders by a third.
“We are protecting the frontline of the company and, as always, prioritizing safe and reliable operations,” Looney said after a call with his staff.
The job cuts...
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Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic

One year ago   |   By ABC News


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