BP to cut 4,700 jobs to reduce costs

Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs.The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday, but has not said how many roles will be affected in each country it operates in.An email to staff also confirmed that about 3,000 contractor positions will also be axed this year.BP employs…