Welcome

Deutsche Bank Revamps Work-From-Home Rule in Permanent Shift (1)

Sept. 25, 2020, 12:13 PM

Deutsche Bank AG is revising its work-from-home policies in an effort to permanently reduce office space, adding to a growing number of lenders that are using lessons learned from the pandemic to lower costs.

The bank’s leadership is working on a new “hybrid model” for how staff can split work between the office and their homes, Chief Executive Officer Christian Sewing said at a conference on Thursday.

The new policies will eventually allow employees to have binding agreements on how many days per week they want to work away from the office, a person familiar with the matter said. The ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.