EnergyWatch

BP to layoff production workers

Oil price increases in recent months have not kept BP from carrying out further cost reductions. Over 500 employees will be dismissed this year.

Photo: Aker BP

UK oil company BP will fire up to three percent of employees within production this year, reports Financial Times. The layoffs will take place globally and impact research and production.

Of BP's total 18, 000 production employees, three percent – 540 employees – will be dismissed. The layoffs will be carried out despite the fact that global oil prices have increased to over USD 80 per barrel in recent weeks without the prospect of decline. The price was last over USD 80 in 2014.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

US to bank more on nuclear power

Several US states are regarding nuclear power as a supplement to renewables when it comes to lowering emissions, but there is still opposition from a number of Democratic states.

Further reading

Related articles

Latest News

See all jobs