BP axes jobs and scales back its EV charging business [Video]

BP CEO Murray Auchincloss is making the changes at its EV charging arm, BP Pulse, to quell investor doubts over its plan to shift away from Big Oil and Gas to green energy, reports Reuters.

In recent months, BP Pulse has pulled out of eight of the 12 countries it was operating in, with now the focus solely on the US, Britain, Germany, and China, where it expects to see the fastest growth in the EV market.

More than 100 jobs out of a global workforce of 900 have been cut, with many employees being moved around to other divisions with “only a handful leaving the company,” the sources told Reuters.