BP to reduce headcount by 100 in Houston
According to Offshore Energy Today Oil major BP with headquarters in the UK is reportedly planning to axe hundreds of jobs in Houston as part of its round of layoffs announced earlier this year.
Houston Business Journal reported, citing a letter the company sent to the Texas Workforce Commission, that BP would cut at least 500 jobs in Harris County this year with many of the cuts to occur in early June at three locations in Houston.
The business journal also informed that these cuts were part of a round announced by the oil major in January this year.
Offshore Energy Today reached out to BP seeking confirmation of these reports. The company was not immediately available for comment.
As a response to a prolonged low oil price environment, many oil companies were forced to reduce costs by, among other things, reducing its workforce and BP like many of its peers was no exception.
As Reuters reported in February, BP already announced 4,000 cuts in oil and gas production as part of a $2.5 billion restructuring program announced last year.