BP will cut 15% of employees

The British oil company BP will cut about 15% of its employees against the background of the crisis caused by the coronavirus, which is about 10 thousand jobs out of 70.1 thousand, reported , citing sources. Reuters

According to the publication, personnel changes are also associated with plans to switch to renewable energy. The decision was announced during an online conference by BP CEO Bernard Looney. Most of the layoffs will pass by the end of 2020, and they will affect mainly managers, not workers, Reuters sources say.

Back in April, the company announced a 25% cost cut in 2020 due to falling oil prices. Then the sources of the publication reported the possible layoffs of the management staff, the number of which could be halved. According to them, the cuts are related to Looney's plans to make the company "more flexible to move to low-carbon energy."

• BP is a British company, one of the six largest oil and gas corporations in the world. Since the summer of 2006, BP has become a shareholder of Rosneft. Now she has 19.75%.