TNK-BP Doesn't Exclude Job Cuts in 2009

LONDON (Dow Jones Newswires), December 24, 2008

Anglo-Russian oil company TNK-BP (TNBP.RS) doesn't rule out job cuts in 2009 if the price of oil stagnates, Prime-Tass news agency reports Wednesday, quoting company Vice-President Oleg Chemezov.

The company may also be forced to reconsider its business plans for next year, the agency quotes Chemezov as saying.

TNK-BP is owned on a 50:50 basis by BP PLC (BP) and a grouping of Russian business tycoons.

Copyright (c) 2008 Dow Jones & Company, Inc.

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