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BP to move 260 jobs to Budapest

The oil giant British Petroleum is to move 260 jobs to Budapest after laying off hundreds of workers in Germany, MTI reported, quoting Wednesday's issue of the daily Westdeutsche Allgemeine Zeitung.

We will move 260 jobs to Budapest next year after 200 jobs will be cut at BP's German headquarters in Bochum, 50 jobs in Hamburg and 10 in Monchengladbach, head of BP Germany Uwe Franke told the paper.

BP Germany is to lay off 340 workers from the Gelsenkirchen refinery, he added.

It was announced in March that BP plans to set up a service centre employing around 1,000 people in Budapest. Richard Hookway, finance chief at the refining and marketing unit, said the Budapest service centre will be more than a simple call center; it will provide comprehensive business and financial services to customers. Hookway then said BP plans to open the service centre in the second half of 2009, following an intensive training period.

BP announced on Tuesday that it posted higher than expected earnings in the third quarter. The company laid off 3,000 workers last year and plans to cut 5,000 jobs in 2009. (MTI-ECONEWS)