YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Oil giant BP announced Monday it would cut 10,000 jobs.
“The oil price has plunged well below the level we need to turn a profit. We are spending much, much more than we make," CEO Bernard Looney said.
The layoffs are part of plans to reduce capital expenditures by $3 billion and operating costs by $2.5 billion this year.
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