BP to cut 4,000 more jobs

BP Plc plans to cut 4,000 jobs in its crude-oil production division, according to Bloomberg Business, citing David Nicholas, a London-based company spokesman.

BP will reduce its worldwide upstream workforce to less than 20,000, and the latest job cuts will include 600 people working at North Sea locations, where the company currently employs about 3,000 people. According to Bloomberg data, at the end of 2014, BP had approximately 84,500 employees worldwide.

The planned job cuts add to the 4,000 positions that BP eliminated in 2015.

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