LONDON (AP) — U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive. CEO Murray Auchincloss sent an email to staff on Thursday that has been seen by The Associated Press. Auchincloss said that the job losses “account for much of the anticipated reduction this year.” The reductions amount to just over 5% of BP’s 90,000 worldwide employees. Auchincloss’s memo said that about 2,600 of the contractors involved in the job cuts have already left the business. Auchincloss said the company is “focusing resources on our highest-value opportunities” and that it has stopped or paused 30 projects since June.
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