LONDON (Reuters) – BP (NYSE:) introduced on Thursday that it’s going to minimize round 4,700 employees, or over 5% of its whole workforce, as a part of CEO Murray Auchincloss’ efforts to cut back prices.
BP informed employees that 3,000 contractor positions may even be minimize, in keeping with a press release to Reuters. The cuts had been introduced in an inside memo seen by Reuters earlier on Thursday.