BNY Mellon Tells Most Employees to Work Remotely Until January
Bank of New York Mellon Corp. has told the majority of its employees to continue working remotely until January.
(Bloomberg) -- Bank of New York Mellon Corp. has told the majority of its employees to continue working remotely for the rest of the year, postponing previous plans to have some staff return in September.
About 96% of the bank’s roughly 48,000 employees have been working remotely since March. They’ll continue to do so until at least Jan. 1, spokeswoman Madelyn McHugh confirmed. Businesses around the world are grappling with how and when to reopen offices as Covid-19 cases continue to rise.
“Our top priority remains the health and safety of our employees and our clients,” McHugh said in an emailed statement. “We remain operational and responsive to client needs during this time.”
BNY Mellon’s plan bucks a trend in which many banks have been inviting workers back -- albeit at limited capacities -- with plans to accelerate office reopenings after Labor Day. The custody bank joins companies including Google and Airbnb Inc. in delaying plans to bring employees back as part of their efforts to stem the spread of the coronavirus.
Todd Gibbons, chief executive officer of BNY Mellon, said in May that the bank might encourage some employees to work from home more often after the pandemic as a way to cut costs, joining companies such as Twitter Inc. and Barclays Plc in signaling that the crisis will permanently change operations.
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