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UK: BP to cut 10,000 jobs as pandemic hits demand for oil01:13

UK: BP to cut 10,000 jobs as pandemic hits demand for oil

United Kingdom, London
June 9, 2020 at 01:24 GMT -00:00 · Published

London-based oil giant BP announced on Monday plans to cut 10,000 jobs worldwide as the coronavirus pandemic slams demand for oil.

In an email to staff, Chief executive Bernard Looney blamed a plunge in the price of oil.

"We are spending much, much more than we make - I am talking millions of dollars, every day,'' he wrote in the email.

The layoffs represent about 15 percent of the company's global workforce.

UK: BP to cut 10,000 jobs as pandemic hits demand for oil01:13
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Description

London-based oil giant BP announced on Monday plans to cut 10,000 jobs worldwide as the coronavirus pandemic slams demand for oil.

In an email to staff, Chief executive Bernard Looney blamed a plunge in the price of oil.

"We are spending much, much more than we make - I am talking millions of dollars, every day,'' he wrote in the email.

The layoffs represent about 15 percent of the company's global workforce.

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