British oil gigant BP announced the dismissal of 4700 employees, which represents over 5% of the company’s total employment. The decision is an element of the strategy to reduce costs taken by director general Murray Auchincloss. The plan has the purpose of improving efficiency and building confidence investors.
An internal notice, on which references Reuters, indicates, that the cuts are part of a larger savings plan. The company intends to reduce operating costs by something of at least 2 billion dollars by the end of 2026 year. Auchincloss stressed, that restructuring is a key step in transforming BP into a more focused enterprise, capable of generating more value.
Relocation and impact on local markets
Reductions will affect the technology division of the company, among others. The head of the department, Emeka Emembol, informed in a personal communication, that about 1100 jobs will be eliminated or transferred to operational centers in
countries such as Hungary, India and Malaysia. Details of distribution of releases have not
been disclosed,however.
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What of the Polish market?
For now it is not knowable, whether releases will cover employees in Poland. BP, which owns the second to the size network of stations in the country, finished
2024 year with 576 stations, substituting only Orlen, which manages over 1900 points. The company declined to comment on
the potential changes in the Polish market.
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Planned cuts will write into the global trend of restructuring in the sector.Energy, which measures with pressures on improving operationalefficiencyandadaptingtochangingmarketrequirements.BPmustmeetthosechallenges,whilemaintainingitspositioninstrategicmarkets.
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