Commodities & Energy

Petrobras to keep half its office staff at home permanently

Petrobras to keep half its office staff at home permanently

Reuters broke the news that Brazil’s Petrobras has decided to keep half its administrative staff working from home permanently, in a dramatic example of how the coronavirus pandemic has major companies rethinking their use of office real estate. The oil company has sent as much as 90% of its 21,000 administrative staff home since March due to the pandemic. The experience has revealed new opportunities to save costs with office space. The state-controlled firm is the first oil major to plan a widespread and permanent shift to remote work.