COVID-19: British Oil Giant BP To Cut 10,000 Jobs
In this file photo taken on February 12, 2020 BP CEO Bernard Looney speaks during an event in London, where he declared the company’s intentions to achieve “net zero” carbon emissions by 2050. DANIEL LEAL-OLIVAS / AFPBritish energy giant BP on Monday announced plans to axe “close to 10,000 jobs”, or almost 15 percent of its global workforce, after the coronavirus pandemic slashed demand for oil.
“We will now begin a process that will see close to 10,000 people leaving BP — most by the end of this year,” chief executive Bernard Looney said in a staff email seen by media that noted oil prices had plunged “well below the level” the group needed “to turn a profit”.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anambra COVID-19 cases hit 29, Imo gets new laws on oil, cultureThe number of COVID-19 cases in Anambra State has increased from 12 to 29, a development that triggers fear of community transmission. Nigeria Covid19 Anambra Coronavirus
Read more »
COVID-19: Edo discharges seven more patients - The NationThe Edo State Government has announced the recovery and discharge of seven more coronavirus (COVID-19) patients, who have tested..
Read more »
COVID-19: Sokoto discharges all 101 patients, records 14 deathsThe Sokoto State Taskforce Committee on COVID-19 has discharged all 101 isolated coronavirus patients in the state and recorded 14 deaths.
Read more »
Osun records two new COVID-19 cases“As of today, we have recorded a total of 49 confirmed cases out of which 36 patients had been successfully treated and subsequently discharged from our facilities, leaving us with nine active cases.”
Read more »
Gombe SSG tests negative after director dies of COVID-19
Read more »
COVID-19: Nigeria private jet operators 'lose over $5bn'Private Jets Nigeria, an aviation service provider, says it has suffered a loss of $5 billion due to the outbreak of COVID-19 pandemic.
Read more »