Deutsche Bank To Transfer 40% of Working Hours to Remote Mode

According to sources from Bloomberg, Deutsche Bank, Germany’s largest bank, plans to introduce new working rules that will allow department heads to transfer their employees to up to 40 percent remote working hours on a permanent basis during and after the coronavirus pandemic.

Deutsche Bank sees its employees’ work from home two days a week as the most preferable option. These measures will enable the bank, which has recently been undergoing a major restructuring, to save money on office space rental and equipment maintenance.

Bloomberg notes that in 2019 alone, Deutsche Bank, which employs around 80,000 people in 70 countries, spent €1.7 billion on office space rental and workplace equipment.

It is reported that the bank is currently awaiting the outcome of discussions on draft laws on the organization of remote work in a number of countries to ensure that its new rules comply with local laws.

« As we already know, we are thinking about what useful we can learn from the COVID-19 crisis and how we can work in the future, » the agency quotes the bank’s representative as saying: « We are now working on a hybrid model that will combine work from home and office. But no decisions have been made yet ».

source: bloomberg.com

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