BP's EV Charging Business Cuts Jobs, Pulls Out of Several Markets, Reuters Reports
-- BP cut jobs at its electric-vehicle charging company by more than 10% and reduced the business's operations to four countries from 12 after expected growth in EV commercial vehicle fleets failed to materialize, Reuters reports.
-- BP Pulse cut more than 100 positions in recent months and limited operations to the U.S., China, Britain and Germany, as CEO Murray Auchincloss aims to shift focus to more profitable divisions and ease investor concerns over the transition from oil and gas, Reuters reports.
-- Many employees were transferred to different positions within the company while a handful no longer work for the company, according to the report.
-- BP didn't respond to a request for comment by Dow Jones Newswires.
Full story: https://shorturl.at/ehIQV
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
April 15, 2024 08:28 ET (12:28 GMT)
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