My Darling Child

Its biggest offices are in London and Aberdeen in Britain, Houston in the United States, Baku in Azerbaijan, Luanda in Angola, and Oman and Trinidad and Tobago. Sometimes they’ll include recommendations for other related newsletters or services we offer. BP will cut about 15 percent of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said … BP confirms 7,500 compulsory redundancies as it lays off 15% of workforce In an internal memo, the company said that out of 23,600 people eligible for voluntary redundancy, some 2,500 had … explains more about how we use your data, and your rights. Under his ownership, Looney has promised to cut oil and gas output by 40% by the end of this decade, a radical pledge for an energy company, as he seeks to dramatically expand renewables production such as offshore wind and solar. The affected roles will be mostly senior office-based positions and not front-line operational staff, the company said. Energy company BP said Monday June 8, 2020, that its global workforce will be trimmed by … BP is giving no pay rises to senior employees until March 2021 and said it is unlikely to pay any cash bonuses this year. Optimize business management and efficiency with WorkforceBP™ Our shared 50 years of business experience has built the rapport and scale with top tier human resource, insurance Chevron Corp, the second-largest U.S. oil producer, last month said that it will cut between 10% and 15% of its global workforce as part of an ongoing restructuring. "We will now begin a process that will see close to 10,000 people leaving BP - most by the end of this year," he said. (RTTNews) - As per media reports, BP Plc (BP.L, BP_UN.TO, BP) is planning to reduce approximately 15 percent of its global workforce by the end of 2020. 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BP is set to make 7,500 compulsory redundancies after roughly 2,500 staff applied for voluntary severance. Copyright © 2020 BIC Alliance, Inc. All rights reserved. "This means around a quarter of the headcount reduction that Bernard outlined in June, will be voluntary," the letter explained. In an internal memo seen by the Reuters news agency, the company said that out of 23,600 people eligible for voluntary redundancy, some 2,500 had applied, including about 500 people in senior roles. BP said voluntary redundancies were offered to people in offices across 21 countries. Become an Alliance Member today. BP has flagged a 25% cut to $12 billion this year and said it would find $2.5 billion in cost savings by the end of 2021 through the digitalisation and integration of its businesses. “It was always part of the plan to make BP a leaner, faster-moving and lower-carbon company,” Looney said. Like all the world’s top energy companies, BP has cut its 2020 spending plans after the coronavirus pandemic brought an unprecedented drop in demand for oil. The oil major announced plans to lay off almost 15 of its 70,000-strong workforce in June, When you subscribe we will use the information you provide to send you these newsletters. You can unsubscribe at any time. Get the latest money advice, news and help straight to your inbox - sign up at mirror.co.uk/email. Looney told employees in a global online call that the London-based company will cut 10,000 jobs from the current 70,100. Forced redundancies will now be based on internal scores an rankings.

In an internal memo, the company said that out of 23,600 people eligible for voluntary redundancy, some 2,500 had applied, including about 500 people in senior roles, Get our daily coronavirus email newsletter with all the news you need to know direct to your inbox.

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