City firms move towards home working and office split

Several City of London firms are preparing to let staff work from home for a portion of the week, as the impact of the coronavirus pandemic continues to impact working habits.

City firms move towards home working and office split

Deutsche Bank has announced it will allow up to 8,000 staff in the City work from home for between one and three days a week.

Tiina Lee, Deutsche’s UK boss, told Bloomberg TV that bringing staff back full-time “feels to me a little bit like a wasted opportunity”. She revealed that workers have Deutshe Bank that they want to work more flexibly in future.



The Daily Telegraph reports that Standard Life Aberdeen also said it expects workers to spend several days a week at home and is reshaping its offices to meet their demands.

The firm, headed by Stephen Bird, has been “conducting an extreme makeover” of its main office in London and has revamped its Edinburgh home.

Mr Bird said: “We have reconfigured it for hybrid working. After such a long period of working from home we need to really attract our employees back into the offices, but not on a full-time basis.” He added that the business has switched its focus to open-plan offices which will include more meeting areas for brainstorming.

Other firms such as BP, Aviva, HSBC, Pearson and Lloyds Bank have all unveiled plans to cut office space in the past few weeks, as well as informing workers they will shift more permanently to remote jobs.

IWG boss Mark Dixon predicted a “massive surge in growth” as staff switch to a hybrid model. The firm said it had signed up half a million workers in the past month and also had about a million more in the pipeline.

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