BP to cut more than 5% of workforce to cut costs

Oil large BP is to chop about 4,700 workers, greater than 5% of its whole workforce, as a way to scale back prices.

BP has additionally instructed workers that about 3,000 contractor positions shall be minimize.

The vitality large has a worldwide workforce of round 90,000, with about 14,000 within the UK.

It has not stated what number of jobs shall be affected in every nation.