British Petroleum to cut nearly 5,000 employees to reduce costs

British oil and gas company British Petroleum (BP) will cut 4.7 thousand jobs, which is about 5% of its staff, and more than 3 thousand positions among contractors. This was reported by Bloomberg agency on January 16 with reference to a letter from the head of the corporation Murray Ochincloss.

The decision was taken to reduce costs. According to the Executive Director, for the same purposes in 2025 and beyond, other measures are expected.

It is noted that since June 2024, the company has stopped or put on pause 30 projects...