Convenience-store retailer and energy company bp is cutting 700 roles globally. | Shutterstock
Convenience-store retailer and energy company bp is cutting 700 roles globally, or about 8% of the 8,500 non-frontline roles in its legacy production and operations business.
Reuters reported the news Thursday, citing an internal memo.
“We are building a simpler, stronger, more valuable bp,” bp told CSP Daily News in a statement Thursday. “As part of this process, we are proposing changes that would result in a reduction in roles, intended to reduce complexity, improve accountability and support long-term performance in a changing market environment.”
The cuts affect bp’s upstream business, which would not include its convenience retail business, although the convenience sector has seen recent leadership changes.
In June, Greg Franks told CSP that he was retiring from his role…
