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BP Dismisses 7,700 Employes To Trim Spending
(MENAFN- Kuwait News Agency (KUNA))
LONDON, Jan 16 (KUNA) -- British petroleum is dismissing 7,700 of its staff throughout the globe to cut operating expenditures.
The conglomerate said in a press release on Thursday the decision covered 4,700 full time personnel, indicating that rest were employed according to contracts and some special terms.
Last year, it declared a plan to slash spending by USD two billion by 2026.
BP has more than 90,000 employees throughout the world. Up to 14,000 of them work in the UK. (end)
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The conglomerate said in a press release on Thursday the decision covered 4,700 full time personnel, indicating that rest were employed according to contracts and some special terms.
Last year, it declared a plan to slash spending by USD two billion by 2026.
BP has more than 90,000 employees throughout the world. Up to 14,000 of them work in the UK. (end)
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