BP announces losses and job cuts

Title

BP announces losses and job cuts

Genre

Interview

TX Date

6 Aug 1992

Year of production

1992

Play audio

To listen to the audio files, please log in.

Duration

00:02:06

Description

Paul Kirby interviews BP’s Deputy Chairman, David Simon following losses of six hundred and fifty million pounds for the first half of 1992. The company has announced thousands of job cuts in the wake of the losses and has been giving details of the new cutbacks. BP is currently sixteen billion pounds in debt, but Simon denies the firm is close to collapse. Mono recording.

Contributors

David Simon; Paul Kirby

Keywords

Companies; BP; Financial statements; Petroleum industry; Financial administration; Financial statistics; Redundancies

The copyright of audio recordings in the LBC / IRN Digitisation Archive is owned by Global Radio UK Ltd.