Oil giant BP set to cut 10,000 jobs

BP has announced plans to cut 10,000 jobs following a global slump in demand for oil because of the coronavirus crisis.

The oil giant had paused redundancies during the peak of the pandemic but now it has said around 15% of its workforce will leave by the end of the year.

BP has not said how many jobs will be lost in the UK but it is thought the figure could be close to 2,000.