BP to Axe 10,000 Jobs Over COVID-19 Impact

GALWAY, IRELAND--June 15, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Oil giant BP Plc (NYSE:BP) (London, England) has plans to axe 10,000 jobs globally due to the negative impact on the oil sector by the COVID-19 pandemic.

Within this article: Details job cuts, reasons, financial impact, cuts in capital investment