Europe’s Banks Get Serious About Work From Home After Covid

(Bloomberg) — So how much will you really be able to work from home after the pandemic? A lot more than you might think, if you work for a European bank.

As some Wall Street executives warn of the perils of working from home for too long, Europe’s biggest lenders are getting serious about using lessons learned in the pandemic to lower costs and afford employees a better work-life balance. They’re changing a culture that has seen few disruptions of this magnitude since modern office buildings were created.

Leading the way in Europe are the Dutch, whose biggest banks predict that staff will be working about half their time from home once the pandemic is over. In Italy, UniCredit SpA plans to have 40% of work done remotely after the crisis, while Switzerland’s UBS Group AG estimates that employees could work from home about a third of the time.



chart, bar chart: Bye-Bye, Office?


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Europe’s Banks Get Serious About Work From Home After Pandemic

(Bloomberg) — So how much will you really be able to work from home after the pandemic? A lot more than you might think, if you work for a European bank.

As some Wall Street executives warn of the perils of working from home for too long, Europe’s biggest lenders are getting serious about using lessons learned in the pandemic to lower costs and afford employees a better work-life balance. They’re changing a culture that has seen few disruptions of this magnitude since modern office buildings were created.

Leading the way in Europe are the Dutch, whose biggest banks predict that staff will be working about half their time from home once the pandemic is over. In Italy, UniCredit SpA plans to have 40% of work done remotely after the crisis, while Switzerland’s UBS Group AG estimates that employees could work from home about a third of the time.



chart, bar chart: Bye-Bye, Office?


©

Read More