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Will BP complete its staff reduction plan of 4,700 by the end of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
BP's official announcements or financial reports
Story
BP to Cut 4,700 Staff and 3,000 Contractor Jobs in £1.6 Billion Cost-Saving Plan
Jan 16, 2025, 12:09 PM
BP Plc announced plans to cut 4,700 jobs, approximately 5% of its global workforce, along with eliminating 3,000 contractor roles, totaling 7,700 positions, as part of a £1.6 billion cost-cutting initiative aimed at reducing costs and boosting efficiency. CEO Murray Auchincloss informed staff of the reductions, which are part of a broader strategy to streamline operations and enhance competitiveness. BP's total workforce includes about 88,000 employees globally.
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