BP cuts its workforce and refocuses on hydrocarbons
BP formalizes 4,700 internal layoffs and 3,000 among subcontractors. Disappointing results and a renewed focus on hydrocarbons shape this move. The market observes these choices, influenced by economic and political imperatives.
| Countries | France, Royaume-Uni |
|---|---|
| Companies | TotalEnergies, Shell, BP |
| Sector | Pétrole |
| Theme | Industrie & Exécution, Innovation & Transformation, Stratégie d'entreprise |
BP is facing what it considers an unproductive year, according to financial sources. The group points to a strategy focused on its petroleum and gas activities. Layoffs affect 4,700 internal employees plus 3,000 subcontractor positions. This approach is part of a simplification program centered on cost reduction.
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