Category: costsaving
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BP cutting 4,700 jobs worldwide as part of cost-saving drive
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LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and another 3,000 contractor jobs as part of a cost-saving drive. In an email to employees Thursday seen by The Associated Press, CEO Murray Auchincloss said the job losses “account for much of the reduction expected this year.”…
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ASOS shutters US warehouse as part of cost-saving turnaround plan
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Asos has announced a one-off impairment charge of £200m after it decided to idle its main US warehouse near Atlanta, Georgia, in a move aimed at cutting costs and boosting profitability. Later this year, the online fashion retailer’s American customers will be served from its UK automated distribution center in…