BP to cut 10,000 jobs worldwide amid virus pandemic
Energy company BP says that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic
By
The Associated Press
June 8, 2020, 12:13 PM
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LONDON — Energy company BP says that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic.
Chief Executive Bernard Looney said Monday that the roles will be office-based and come mostly this year. The company’s current global workforce is 70,000.
The global energy industry has been hit hard during the pandemic as the widespread limits on business, travel and public life reduced the need for oil, gas and other fuels. Supply was also particularly high when the outbreak began, creating a perfect storm for the industry. With storage facilities filling up, the U.S. price of oil went below zero in April for the first time ever.
