Barclays is planning to return nearly 700 of its employees to the UK, US and India offices starting from July, who were working from home during the Covid-19 pandemic.
These employees represent 1% of the London-based bank’s total workforce globally, Bloomberg reported citing people familiar with the matter.
Go deeper with GlobalData
Barclays employs 80,800 people globally, of which more than 40% are based in the UK alone.
Most of the employees returning to work are traders, who can no longer work from home, the bank notified its employees in a memo.
The remaining employees will continue to work from home until at least the end of September 2020, the report added.
The latest implementation of the return-to-work strategy from July embarks the first wave of the bank’s phased-return plan.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe bank believes that the return-to-work strategy will limit the number of people who could be in the office at any one time.
In Hong Kong, Barclays already allowed 60% of its staff to return to their office. HSBC and Goldman Sachs also adopted a similar approach.
Citigroup too is reportedly planning to reopen its New York headquarters and London offices and return a small number of its staff back to offices.
Last month, Deutsche Bank also reopened 80 branches in Germany it had closed temporarily due to the pandemic.
