BP freezes pay on oil price drop

 
Chris Papadopoullos
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UK OIL giant BP is freezing pay across the company this year in response to falling oil prices.

BP employs 84,000 staff globally.

“The tougher external environment in 2015 means that our businesses need to work... to take a number of measures in response to the harsh trading environment,” CEO Bob Dudley said in a staff memo yesterday.

“One of the measures we are taking across the group is a general freeze to base pay for 2015, with only a few exceptions”.

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