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.
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