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18

TNK-BP May Cut Jobs in 2009

Because of the financial crisis and slipping oil prices TNK-BP prediction for 2009 are not sunny

Anglo-Russian joint oil company TNK-BP doesn't exclude job cuts in 2009 if the price of oil stagnates, company's Vice-President Oleg Chemezov has said recently.

The company may also be forced to reconsider its business plans for next year, Chemezov also added.

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

Author: Ksenia Kochneva