Email Article| Comment| Contact| Print| A A . Abc Large. A BP spokesman confirmed the voluntary redundancy figure. Energy company BP says it will cut its global workforce by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic By DANICA KIRKA Associated Press June 8, 2020, 2:29 PM Published: just now A A. Published: Oct 16, 2020 at 11:14 a.m. A A. Only one fourth of oil major BP's 10,000 job cuts to be voluntary as company reinvents itself. BP and other energy companies have cut 2020 spending plans due to the outbreak. Font Size. By Dmitry Zhdannikov and Ron Bousso. Contributors . Daily Job Cuts - Full updated list of Who's Hiring , Jobs, Layoffs 2021, 2020, Layoff , Business and Economic News ... Major US Sports Leagues lost over $14 Billion in 2020. Comment. Only a quarter of BP’s 10,000 job cuts to be voluntary. 2020-10-162020-10-16 By finanz.dk. EXCLUSIVE-Only a quarter of BP's 10,000 job cuts to be voluntary. Reuters Last Updated: Oct 16, 2020, 05:04 PM IST. N.S. It is hoped that the move will also put the company in a better position to pivot to focus on renewable energy sources. Published: 2 hours ago A A. What you need to know about COVID-19: October 9, 2020 Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. "We will now begin a process that will see close to 10,000 people leaving BP - … BP (BP-0.8%) is … Read the full memo the CEO sent to staff detailing why he's shrinking the company — and what it means for bonuses, salaries, and promotions. Laura Hurst. Exclusive: Only a Quarter of BP's 10,000 Job Cuts to Be Voluntary By Reuters , Wire Service Content Oct. 16, 2020 By Reuters , Wire Service Content Oct. 16, 2020, at 7:14 a.m. Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. By Associated Press , Wire Service Content June 8, 2020 By Dmitry Zhdannikov, Ron Bousso. Other energy giants, such as rival BP, are making similar job cuts. Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. LONDON. Oct. 16, 2020 10:59 AM ET BP p.l.c. Print. Nursing Home Residents can get Hugs Again, Feds say. BP is cutting 10,000 jobs worldwide. The job cuts come at a time of tremendous change for London-based BP. BP CEO Bernard Looney announced the company would cut about 10,000 jobs worldwide, most by the end of the year. 28 states changed voting rules to boost mail-in ballots. BP to cut 10,000 jobs amid shift to renewables. Published Monday, June 8, 2020. Only 25% of BP's planned 10K job cuts to be voluntary - Reuters . HOUSTON: More than 400,000 jobs have been cut in the oil and gas sector in the year 2020, according to Rystad Energy. Only a quarter of BP's 10,000 job cuts to be voluntary Back to video. BP did not provide details about planned job cuts then and told the company’s 70,100 employees that any reductions would be frozen for three months in the wake of the pandemic. Dmitry Zhdannikov Ron Bousso. BP is preparing to axe approximately 15 per cent of its workforce, under pressure from the coronavirus pandemic. BP Signals Job Cuts Ahead as It Reorganizes for the Future By . AFP via Getty Images. BP had committed to a three-month freeze on job cuts during the peak of the pandemic, starting in early March . "The majority of people affected will be in office-based jobs," Looney said. … February 12, 2020, 1:53 PM EST Updated on February 12, 2020, 3:02 PM EST 1:33. LONDON: British energy giant BP on Monday announced plans to axe "close to 10,000" jobs, or almost 15 per cent of its global workforce, after the coronavirus pandemic slashed demand for oil. Dramatic job cuts at BP and Johnson Matthey. BP is looking to move towards renewable energy products, saying that it wants to eliminate or offset its carbon emissions by 2050. Most of the layoffs will come from office-based staff in BP’s core oil and gas exploration and production division, where thousands of engineers, geologists and scientists are set to leave. Save. Alix Steel. BP CEO Bernard Looney said the cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. They will not impact frontline production facilities. Energy giant BP has announced plans to cut around 10,000 jobs worldwide in response to the latest oil downturn. Home Financial news Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary. Monday 8 June 2020 BPTT logo BPTT on Monday said it is too early to tell whether the announcement by its parent company BP to reduce 10,000 jobs worldwide will have any impact on its business in TT. In June, BP announced it would be cutting 10,000 jobs, the majority before the end of 2020, also as a result of the pandemic. Tens of thousands of jobs are disappearing across the oil and gas industry as the slump in demand caused by the pandemic continues to bite. It indicates the ability to send an email. Only a Quarter of BP's 10,000 Job Cuts to Be Voluntary (Chris Dorney/Dreamstime) Friday, 16 October 2020 09:56 AM. Abc Medium. Oct 16, 2020 7:27AM EDT. Share. Abc Small. By Mark Finley. Dmitry Zhdannikov Reuters Ron Bousso Reuters Published. By Angeli Mehta 2020-06-19T10:06:00+01:00. Speaking to Reuters earlier this week, Gordon Birrell, BP's head of operations, which includes oil and gas production and refining, said many of the jobs cuts would come from his division. A BP logo is pictured outside its gasoline stand on April 26, 2020 in Katwijk, Netherlands. Image credit: Dreamstime. Dmitry Zhdannikov, Reuters 2020-10-16T11:14:52Z The letter F. An envelope. About a fifth of the job cuts will take place in Britain, where BP employs 15,000 people, a company spokesman said. Synopsis. BP is cutting 10,000 jobs as it reels from a crash in oil prices and tries to pivot toward renewable energy. Reuters . (BP) By: Carl Surran, SA News Editor 17 Comments. Promotions were also frozen but will resume in … BP's Bernard Looney, speaking in February 2020. and . Credit: REUTERS/ARND WIEGMANN. Dmitry Zhdannikov and Ron Bousso. By E&T editorial staff. (Photo ...[+] by Yuriko Nakao/Getty Images) Getty Images. BP’s CEO Bernard Looney today announced plans for 10,000 layoffs, equating to … Monday 8 June 2020 3:10 pm BP set to axe 10,000 jobs due to coronavirus Edward Thicknesse (Getty Images) Oil giant BP will cut 10,000 jobs as a … Apple Denies Parler's Request to be reinstated in App Store . Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary. Energy company BP says it will cut its global workforce by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic. Dmitry Zhdannikov Ron Bousso. No comments . Oil giant BP is cutting 10,000 jobs. Published October 16, 2020 Updated October 16, 2020 . BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for voluntary severance, according to an internal memo seen by Reuters and company sources. by Allister Thomas 08/06/2020, 12:49 pm Updated: 08/06/2020, 10:48 pm BP did not provide details about planned job cuts then and told the company's 70,100 employees that any reductions would be frozen for three months in the wake of the pandemic. Dmitry Zhdannikov Ron Bousso.