Looney wrote in a LinkedIn (NYSE:) post on Friday while there has been reduced demand for the industry’s products, the company’s response to the crisis “will not include making any BP staff redundant over the next 3 months.”
World’s major oil companies, including BP, have said they would reduce spending following a plunge in crude prices due to the coronavirus pandemic and a price war between top producers Saudi Arabia and Russia. BP, however, has not given a specific figure.
London-based BP employs 73,000 people across several countries.
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