{"id":356296,"date":"2020-06-09T10:46:21","date_gmt":"2020-06-09T05:16:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356296"},"modified":"2020-06-09T10:46:21","modified_gmt":"2020-06-09T05:16:21","slug":"oil-giant-bp-to-cut-10000-jobs-on-coronavirus-fallout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-giant-bp-to-cut-10000-jobs-on-coronavirus-fallout\/","title":{"rendered":"Oil giant BP to cut 10,000 jobs on coronavirus fallout"},"content":{"rendered":"<p>British energy giant BP on Monday announced plans to axe &#8220;close to 10,000&#8221; jobs, or almost 15 percent of its global workforce, after the coronavirus pandemic slashed demand for oil.<\/p>\n<p>&#8220;We will now begin a process that will see close to 10,000 people leaving BP &#8212; most by the end of this year,&#8221; chief executive Bernard Looney said in an email to its 70,000 staff seen by media.<\/p>\n<p>He went on to say that oil prices had plunged &#8220;well below the level&#8221; the group needed &#8220;to turn a profit&#8221;.<\/p>\n<p>After companies worldwide closed their doors and airlines grounded planes towards the end of the first quarter, oil dropped off a cliff, causing prices to briefly turn negative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British energy giant BP on Monday announced plans to axe &#8220;close to 10,000&#8221; jobs, or almost 15 percent of its global workforce, after the coronavirus pandemic slashed demand for oil. &#8220;We will now begin a process that will see close to 10,000 people leaving BP &#8212; most by the end of this year,&#8221; chief executive Bernard Looney said in an email to its 70,000 staff seen by media. He went on to say that oil prices had plunged &#8220;well below the level&#8221; the group needed &#8220;to turn a profit&#8221;. After companies worldwide closed their doors and airlines grounded planes towards [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-356296","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=356296"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356296\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}