Energy giant bp is cutting 5% of its global workforce to save costs.
The reductions, amounting to around 4,700 jobs as well as 3,000 contractor roles, were announced in a staff memo. The company has around 90,000 workers globally and 16,000 in the UK.
The drop in head count comes as the company wants to become ‘simpler, higher value’ entity, with more emphasis on digital.
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