British Petroleum (BP) Laid Off 10,000 Employees And Plans To Sell Its Headquarters Building.

According to news from a number of financial official websites, according to people familiar with the matter, British Petroleum (BP) plans to sell its headquarters in central London because of the impact of the epidemic, the company is laying off employees and adopting flexible working methods. Not long ago, BP announced plans to lay off about 10,000 employees in 2020, equivalent to 15% of the total number of employees. The company currently employs 6,500 office employees in the UK. According to sources, the company plans to sell the headquarters building in St. James's Square, and then lease it back from the new owners for up to two years, after which it will completely move out. The company bought the building in 2001 for 117 million pounds, and the current price is estimated to be more than 300 million pounds.

Due to the new coronavirus pandemic, many employees have begun to work from home, and BP, like other employers, has also begun to change the way they work. The company's CEO Bernard Looney (Bernard Looney) previously stated that it will use a combination of working at home and working in the office.

BP’s plan highlights the uncertainty faced by the commercial real estate market in London. According to statistics, only 13% of employees in London returned to work in the office this month. In the 63 largest urban centers in the UK, this figure is only 17%.

British Petroleum (BP) said it will cut oil and gas production in the future, plans to cut oil production by 40%, and will spend billions of dollars in clean energy to accelerate the excessive demand raised earlier this year . BP stated that it plans to increase its annual low-carbon investment by 10 times to US$5 billion in 2030. BP expects that if the global temperature rise is limited to 1.5 degrees Celsius, the demand for fossil fuels will decline in the next 30 years. 75%, and if the degree of warming is less than 2 degrees, the future demand for fossil fuels will drop by 50%.

Helge Lund, chairman of BP, said that the energy market has begun a fundamental and lasting change. The current shift from fossil energy to low-carbon and renewable energy is gradually changing. In the long run, the demand for oil and natural gas will be increasingly challenged.