BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performance
Read more at Financial Times
Topics
-
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - 47m -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - 1h -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - 2h -
BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn
Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...The Guardian - 1h -
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.MarketWatch - 2h -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 23h -
Driving into Manhattan? That’ll Cost You as Congestion Begins
Congestion pricing is intended to reduce traffic gridlock and fix New York’s public transit infrastructure.Inc. - Jan. 5 -
UK businesses plan price increases as Budget drives up costs
Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of CommerceFinancial Times - Jan. 5 -
China has cost the U.S. millions of jobs. Trump will change that — not necessarily for the better.
Trump needs to make friends in Asia or his China tariffs will hurt Americans.MarketWatch - Jan. 4
More from Financial Times
-
Trump helped secure an Israel-Hamas ceasefire deal. Can it last?
US and Israeli administrations face tough political calculations — and vast undertaking of rebuilding Palestinian enclaveFinancial Times - 18h -
Netanyahu under pressure from far-right allies on Gaza ceasefire deal
Donald Trump has warned of ‘hell to pay’ if accord does not take effect before his inaugurationFinancial Times - 2h -
What the Israel-Hamas ceasefire means for the world
While the Israelis emerge from the conflict as the Middle East’s superpower, the international rules-based order lies in tattersFinancial Times - 39m -
UK ministers signal support for China mega-embassy in London
David Lammy and Yvette Cooper outline conditions for proposed diplomatic complex at former Royal Mint siteFinancial Times - 3h -
Citigroup racks up £1bn bill for Canary Wharf tower refit
Expected cost of renovations come on top of £1.2bn bank spent buying skyscraper in 2019Financial Times - 3h
More in Business
-
Target’s holiday sales show a rebound from third-quarter doldrums
Target’s stock soared 3.7% early Thursday, after the retailer raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday ...MarketWatch - 7m -
Bond funds are offering a ‘double whammy’ for investors
Many of these funds are trading at deep discounts and may have tempting distribution yieldsMarketWatch - 10m -
Jobless claims rise in latest week, boosted by California disaster
Claims up to 217,000 above forecast of 210,000MarketWatch - 13m -
Retail sales point to strong holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.MarketWatch - 14m -
Bargain hunting? This value manager has scooped up Airbnb, an AI-healthcare play and a GE spinoff
Five overlooked stocks that the Oakmark Fund unearthed last year.MarketWatch - 18m