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Market Chatter: BP Said to Slash 700 Non-frontline Jobs Globally

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BP (BP.L) will reportedly cut 700 non-frontline jobs globally, or 8% of its 8,500 non-frontline workforce, Reuters wrote Thursday, citing an internal email it saw.

The roles were historically part of the British oil major's production ​and operations business. The changes are not expected to have any material impact on frontline positions, according to the report.

BP did not immediately respond 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.)

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