14,000 US employees. 8,000 layoffs. That's about 58% of US employees. I think they might close Houston and have the skeleton crew work remotely or have the workload transferred to UK. No inside info. Just gut feel.
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Work from home is the future
Hahahah ... close St. James
If you enjoy 3 hour commutes, road rage, shootings driving to work, corruption, JB Pritzker, the highest gas tax in America, and a cold terrible winter then welcome to Chicago.
We sold Westlake a couple years ago and we are leasing it back. I’m sure we would love to sublet it for the remainder of the term, but the real-estate market is over saturated and the building is ancient. We are stuck with it for like 20 years.
BP is not thinking of recruiting young professionals.
Young professionals will not stay in a climate of violence, corruption and high taxes.
It seems likely to close Westlake .After all, the oil price has proven to not come back. The company will no longer be a fully integrated company and that was like a sacred cow. Selling the pieces during the pandemic, the pieces that generate cash, says it all.
Every 5 minutes a taxpayer leaves Illinois. Why would a company want to stay in Illinois. Go to Westlake it makes more sense.
Close the Chicago Office and have Westlake the main office. What is BP going to do with the Naperville employees?
BP is selling Naperville to INEOS with the petrochemical business. So the only office space left in the US is 30SW and Westlake.
BP should keep Houston Office open and close Chicago and Naperville. Pritzker is taxing the life out of BP And Chicago is not BPs home Office.
I think that it’s a safe bet the US will be hammered. Those juicy US salaries stick out like a sore thumb! Two UK employees for the price of one US: sometimes three!
BP will probably drastically scale back how much office space we have in Houston and how we use it. They were already working on “modernization” and shared work spaces in 2018 - “reinvent BP” and COVID-19 will accelerate the change.