Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday. That amounts to about 5% of its total workforce.

BP to axe 4,700 jobs globally amid cost-cutting drive - The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

BP employs about 16,000 people in the UK, of which about 6,000 are based in petrol and service stations, and will not be ...

BP is to cut nearly 8,000 jobs in the face of falling profits and rising shareholder concern over its green energy policies.