LONDON: Energy producer BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oilNSE 0.42 % and gas industry.
Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global workforce of 70,000 people and come mostly this year. The changes are expected to significantly affect senior levels, cutting the number of group leaders by a third.
“We are protecting the frontline of the company and, as always, prioritizing safe and reliable operations,” Looney said after a call with his staff.
