Wednesday, February 3, 2016

BP announces oil dismissal of 3000 employees – ElTiempo.com

The British oil company BP announced when presenting its annual results that deleted other 3,000 jobs worldwide in the next two years to cope with the fall in oil prices.

In his report to the London Stock Exchange said it will cut before the end of 2017 those 3,000 jobs in its refining and sales operations, which have also suffered from the depreciation of the raw material.

On January 12, the multinational already announced plans to remove 4,000 jobs globally this year in its upstream business production. With new layoffs announced, the jobs eliminated by BP since the beginning of 2015 amounted to 11,000, as part of a comprehensive restructuring process which provides for reducing annual costs amounting to 7,000 million for 2017.

BP reported a net loss of 6.482 million dollars (5.943 million euros) in 2015 due to the sharp drop in oil prices, which currently round the $ 33, and gas, as it considers to be its worst results in 20 years.

A depreciation of oil the expenses incurred join the company to deal with compensation for the oil spill in 2010 from one of its wells in the Gulf of Mexico, killing 11 people and an environmental disaster.

A Following the spill, BP began in 2013 a process of divestment to face lawsuits in the United States related to the disaster. The company announced today that it has completed the program, estimated at 10,000 million dollars (9,170 million euros), noting that pre-tax costs related to the event now total 55,500 million (50,000 million euros).

The company also will prepare more divestments, of between 3,000 and 5,000 million dollars , this year (2700-4500 million), forward. BP today topped the losers chart on the London Stock Exchange, with a decline of 7.73 percent to a share price of 338.60 pence.

EFE

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