Business Standard

Packed city centre offices may be a thing of the past, says Barclays CEO

Social distancing rules will limit how many workers can return and impose restrictions, such as limiting elevators to two people at a time, Staley said

firms, companies, leaders, meeting, work, office
Premium

Barclays plans to reopen its Hong Kong office first before other Asian hubs such as Singapore and Tokyo, and then Europe, Staley said.

Reuters London
The coronavirus pandemic could permanently change how many bankers make the daily trudge into tightly packed city centre offices, Barclays CEO Jes Staley said on Wednesday.
The bank, which like companies worldwide has seen the majority of its staff work from home or backup sites, will not revert fully to its pre-January working habits, Staley said.
"There will be a long-term adjustment in how we think about our location strategy...the notion of putting 7,000 people in a building may be a thing of the past," he told reporters after the bank reported a fall in first-quarter profits.
Staff including investment bankers could work

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 29 2020 | 3:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com