The BBC reports that BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. BP, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday. An email to staff also confirmed that about 3,000 contractor positions will also be axed this year.
BP employs about 16,000 people in the UK, of which about 6,000 are based in petrol and service stations, and will not be affected by the cuts.
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