Connect with us

Hi, what are you looking for?

Stock

Swiss bank UBS to let most staff adopt hybrid working

Stock Markets38 minutes ago (Jun 28, 2021 08:32AM ET)

(C) Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland, March 29, 2017. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) -UBS Group will allow most staff to mix remote working with time spent in the office, Switzerland’s biggest bank said on Monday, taking a more relaxed approach than some of its Wall Street rivals.

“We are committed to offering our employees the flexibility for hybrid working where role, tasks and location allow,” UBS said. “Hybrid work options will be introduced on a country-by-country basis, with timing dependent on the local pandemic situation.”

The Financial Times said the policy could allow up to two thirds of UBS staff adopt the hyrbid working model.

Swiss rival Credit Suisse (SIX:CSGN) also said it was planning changes.

“It is our aspiration to meet the requirements of our employees for a flexible and future-oriented working environment. In developing more flexible working models, we have taken into account the lessons learned during the pandemic,” the bank said, adding it would announces the changes soon.

By contrast, the chief executive of U.S. bank Morgan Stanley (NYSE:MS), has said he expects most of the company’s workers at its Manhattan headquarters to return to the office by September.

JPMorgan Chase & Co (NYSE:JPM) and Goldman Sachs (NYSE:GS), meanwhile, have begun bringing employees back to their U.S. offices and American Express (NYSE:AXP) will allow most employees to work from home for up to two days a week.

Swiss bank UBS to let most staff adopt hybrid working

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock

Stock Markets25 minutes ago (Jul 16, 2021 05:46PM ET) (C) Reuters. FILE PHOTO: Johnson & Johnson’s Neutrogena Cool Dry Sport sunscreen, which is part...

Tech

Builders, creators and developers, this one’s for you! TechCrunch has always been about discovering fresh solutions and shining the light on exciting, new products...

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved