BP commits to no layoffs for three months

28 April 2020 (Last Updated April 28th, 2020 09:32)

In its first quarter results announcement, oil and gas company BP has said it will not make any layoffs for the next three months.

CEO Bernard Looney said it had been a tough first quarter, forming the “perfect storm” which the company is adapting to. Upstream CFO Murray Auchincloss announced the company would continue with its divestments, and has a strong balance sheet. However, it has revised its annual earnings expectations.