BNP Paribas will authorize remote work for certain bankers

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(Bloomberg) – BNP Paribas SA is preparing to allow some bankers to work from home part-time, joining European counterparts such as Deutsche Bank AG and UBS Group AG to allow an ever more flexible working day.

People familiar with the information said BNP was developing a plan to give employees more flexibility, including for various remote work scenarios. The people, who asked not to be identified as the details are private, said each unit in the bank would be able to choose the option that best suits their employees’ circumstances. People were saying that as long as it was consistent with their positions, some bankers would be allowed to work from home two days a week and three days the other.

The plan, which unions are expected to sign in the coming weeks, will go into effect in September.

“As part of our social dialogue with the unions, group negotiations are taking place in France to extend remote work, but also to adapt it to the needs of each profession,” said a spokesperson in an email. . In Paris. “Remote work, of course, will be voluntary and will depend on the personal environment of each employee.

BNP’s closest competitor, Societe Generale SA, said in May it would allow bankers to work from home for up to three days a week, while HSBC Holdings Plc is also offering its French employees to work remotely from home. part-time.

Global banks differ in their approach to working remotely, while vaccination campaigns allow more employees to return to the office. While some, including JPMorgan Chase & Co., are lobbying. and Goldman Sachs Group Inc., in an effort to get bankers back to work behind their desks, others like Citigroup Inc. and UBS AG are becoming more flexible in an effort to improve morale. Gain a competitive advantage by hiring and retaining your employees.

Italy’s UniCredit SpA said it plans to allow employees in outside branches to work from home permanently 40% of the time. The bank is working on a plan that will give administrative and corporate employees the ability to work from home about two days a week on a voluntary basis, while branch employees will be able to choose one day a week.

In Germany, Deutsche Bank also said it was working on plans to allow employees to work remotely for up to three days a week.

Note Original: BNP Paribas will allow certain bankers to work from home half the time

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