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(AP Photo/Kin Cheung, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor ...

The oil giant BP is cutting thousands of jobs, the company announced on Thursday. In a statement sent to Business Insider, it said some 4,700 positions would be eliminated, while the number of ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as chief executive Murray Auchincloss ...