'Long-term strategy' | 'More effective ways to cut costs' says Chief Appreciation Officer as BP announces 4,700 job cuts

'More effective ways to cut costs' says Chief Appreciation Officer as BP announces 4,700 job cuts

BP will cut over 5% of its global workforce amid ongoing efforts to reduce costs.

Around 4,700 employees and 3,000 contractor positions will be cut this year, the energy giant said.

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