[Stay on top of transportation news: Get TTNews in your inbox.] LONDON — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.

About 300 BP union workers at Prudhoe Bay will remain in their jobs, at least through the end of their current contract. That’s according to Hilcorp, the oil company set to take over BP's entire ...

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 ...

London (CNN) — BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around ...

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as it transitions to more operations outside of its oil and gas business. The ...

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Economists say the loss of hundreds of oil jobs tied to the sale of BP’s Alaska business will be significant, but not devastating, for the state’s fragile economy. “There is enough happening from a ...

FILE - A logo of BP at a gas station in London, on Nov. 1, 2022. (AP Photo/Kin Cheung, File) LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor ...

LONDON – U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive. In an email to staff on Thursday that has been seen by The ...