Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. BP’s CEO Bernard Looney today announced plans for 10,000 layoffs, equating to … Synopsis. The job cuts come at a time of tremendous change for London-based BP. No comments . Tens of thousands of jobs are disappearing across the oil and gas industry as the slump in demand caused by the pandemic continues to bite. BP (BP-0.8%) is … Alix Steel. Home Financial news Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary. It indicates the ability to send an email. A BP logo is pictured outside its gasoline stand on April 26, 2020 in Katwijk, Netherlands. Apple Denies Parler's Request to be reinstated in App Store . Only one fourth of oil major BP's 10,000 job cuts to be voluntary as company reinvents itself. 28 states changed voting rules to boost mail-in ballots. Published: 2 hours ago A A. BP is cutting 10,000 jobs as it reels from a crash in oil prices and tries to pivot toward renewable energy. Published Monday, June 8, 2020. Font Size. and . "We will now begin a process that will see close to 10,000 people leaving BP - … Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. BP CEO Bernard Looney said the cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. Exclusive: Only a Quarter of BP's 10,000 Job Cuts to Be Voluntary By Reuters , Wire Service Content Oct. 16, 2020 By Reuters , Wire Service Content Oct. 16, 2020, at 7:14 a.m. They will not impact frontline production facilities. Only a Quarter of BP's 10,000 Job Cuts to Be Voluntary (Chris Dorney/Dreamstime) Friday, 16 October 2020 09:56 AM. Only a quarter of BP's 10,000 job cuts to be voluntary Back to video. by Allister Thomas 08/06/2020, 12:49 pm Updated: 08/06/2020, 10:48 pm BP did not provide details about planned job cuts then and told the company’s 70,100 employees that any reductions would be frozen for three months in the wake of the pandemic. Promotions were also frozen but will resume in … Reuters Last Updated: Oct 16, 2020, 05:04 PM IST. BP to cut 10,000 jobs amid shift to renewables. LONDON: British energy giant BP on Monday announced plans to axe "close to 10,000" jobs, or almost 15 per cent of its global workforce, after the coronavirus pandemic slashed demand for oil. By Associated Press , Wire Service Content June 8, 2020 Dmitry Zhdannikov Ron Bousso. BP and other energy companies have cut 2020 spending plans due to the outbreak. By Dmitry Zhdannikov, Ron Bousso. Abc Large. Dmitry Zhdannikov Reuters Ron Bousso Reuters Published. Nursing Home Residents can get Hugs Again, Feds say. Image credit: Dreamstime. Daily Job Cuts - Full updated list of Who's Hiring , Jobs, Layoffs 2021, 2020, Layoff , Business and Economic News ... Major US Sports Leagues lost over $14 Billion in 2020. Most of the layoffs will come from office-based staff in BP’s core oil and gas exploration and production division, where thousands of engineers, geologists and scientists are set to leave. In June, BP announced it would be cutting 10,000 jobs, the majority before the end of 2020, also as a result of the pandemic. Energy giant BP has announced plans to cut around 10,000 jobs worldwide in response to the latest oil downturn. Dmitry Zhdannikov, Reuters 2020-10-16T11:14:52Z The letter F. An envelope. Dmitry Zhdannikov and Ron Bousso. What you need to know about COVID-19: October 9, 2020 Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for voluntary severance, according to an internal memo seen by Reuters and company sources. It is hoped that the move will also put the company in a better position to pivot to focus on renewable energy sources. Oct 16, 2020 7:27AM EDT. 2020-10-162020-10-16 By finanz.dk. Published: Oct 16, 2020 at 11:14 a.m. A A. By Angeli Mehta 2020-06-19T10:06:00+01:00. Credit: REUTERS/ARND WIEGMANN. EXCLUSIVE-Only a quarter of BP's 10,000 job cuts to be voluntary. February 12, 2020, 1:53 PM EST Updated on February 12, 2020, 3:02 PM EST 1:33. Dmitry Zhdannikov Ron Bousso. Monday 8 June 2020 BPTT logo BPTT on Monday said it is too early to tell whether the announcement by its parent company BP to reduce 10,000 jobs worldwide will have any impact on its business in TT. Monday 8 June 2020 3:10 pm BP set to axe 10,000 jobs due to coronavirus Edward Thicknesse (Getty Images) Oil giant BP will cut 10,000 jobs as a … N.S. Comment. About a fifth of the job cuts will take place in Britain, where BP employs 15,000 people, a company spokesman said. Dramatic job cuts at BP and Johnson Matthey. AFP via Getty Images. Abc Small. "The majority of people affected will be in office-based jobs," Looney said. Energy company BP says it will cut its global workforce by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic. BP did not provide details about planned job cuts then and told the company's 70,100 employees that any reductions would be frozen for three months in the wake of the pandemic. Only a quarter of BP’s 10,000 job cuts to be voluntary. Published: just now A A. Oil giant BP is cutting 10,000 jobs. A BP spokesman confirmed the voluntary redundancy figure. Read the full memo the CEO sent to staff detailing why he's shrinking the company — and what it means for bonuses, salaries, and promotions. BP's Bernard Looney, speaking in February 2020. HOUSTON: More than 400,000 jobs have been cut in the oil and gas sector in the year 2020, according to Rystad Energy. BP Signals Job Cuts Ahead as It Reorganizes for the Future By . Published October 16, 2020 Updated October 16, 2020 . Laura Hurst. (Photo ...[+] by Yuriko Nakao/Getty Images) Getty Images. … BP is preparing to axe approximately 15 per cent of its workforce, under pressure from the coronavirus pandemic. Contributors . Email Article| Comment| Contact| Print| A A . BP is looking to move towards renewable energy products, saying that it wants to eliminate or offset its carbon emissions by 2050. Save. Speaking to Reuters earlier this week, Gordon Birrell, BP's head of operations, which includes oil and gas production and refining, said many of the jobs cuts would come from his division. By Mark Finley. BP had committed to a three-month freeze on job cuts during the peak of the pandemic, starting in early March . Abc Medium. Other energy giants, such as rival BP, are making similar job cuts. Dmitry Zhdannikov Ron Bousso. LONDON. Oct. 16, 2020 10:59 AM ET BP p.l.c. Share. Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. By Dmitry Zhdannikov and Ron Bousso. Reuters . BP is cutting 10,000 jobs worldwide. (BP) By: Carl Surran, SA News Editor 17 Comments. Energy company BP says it will cut its global workforce by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic By DANICA KIRKA Associated Press June 8, 2020, 2:29 PM Print. By E&T editorial staff. Only 25% of BP's planned 10K job cuts to be voluntary - Reuters . BP CEO Bernard Looney announced the company would cut about 10,000 jobs worldwide, most by the end of the year.

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