BP Aims to Cut Costs

March 4, 2010 by admin · Leave a Comment
Filed under: News Briefing 

BP chief executive—Tony Hayward, has warned the shareholders that he is preparing the company for years of weak demand and depressed refining margins.
The BP group, which has already cut 7500 employees in two years, indicated that it intended to reduce costs to 2004 levels to improve profitability by more than £2 billion over the next three years.

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