BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant. Around 4,700 employees and 3,

BP (NYSE:BP) will cut more than 5% of its global workforce, CEO Murray Auchincloss told staff on Thursday, as the company seeks to reduce costs and rebuild investor confidence. BP (BP) will eliminate 4,

Oil giant BP has announced it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a cost-saving drive.