UK-BP to slash 10,000 jobs due to coronavirus pandemic

BP has declared intentions to cut 10,000 jobs amid following a global slowdown in demand for oil because of the coronavirus crisis.
The oil giant had suspended redundancies during the height of the pandemic but told staff on Monday that approximately 15% will leave by the end of the year, the BBC reported.
BP has not stated how many jobs will be lost in the UK but it is thought the figure could be close to 2,000.
Chief executive Bernard Looney blamed a drop in the oil price for the cuts.
In an email to staff, he said: “The oil price has plunged well below the level we need to turn a profit.
“We are spending much, much more than we make – I am talking millions of dollars, every day.”