BP to halve its managing staff
The British oil supermajor's new CEO wants to cut the number of managerial employees dramatically and remove a number of his predecessor's top people.
50-percent reductions have been a recurring theme within the oil industry this year. From announcements on halving future carbon emissions at the start of the year to prices being cut in half in step with the corona crisis and a massive oil surplus to the halving of dividends and investment budgets. Although there has been some variation between the different rates set by companies.
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