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Market Chatter: BP Plans to Cut 700 Jobs

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BP (BP) intends to cut around 700 non-frontline jobs from its global workforce, Reuters reported Thursday, citing an internal email it viewed.

The cuts would impact about 8% of the 8,500 non-frontline workers that were traditionally part of the company's production and operations business, the report said, citing the email.

BP didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $43.51, Change: $+0.19, Percent Change: +0.43%

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