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Deutsche Bank Revamps Work-From-Home Rule in Permanent Shift

(Bloomberg) — Deutsche Bank AG is revising its work-from-home policies in an effort to permanently reduce office space, adding to a growing number of lenders that are using lessons learned from the pandemic to lower costs.



a room filled with furniture and a large window: Empty desk space sits in the Deutsche Bank AG offices in Eschborn, Germany, on Monday, May 25, 2020. The trickle of workers returning to Deutsche Bank’s Frankfurt headquarters are finding a new reality of takeout lunches and coffee as the lender restricts social contact.


© Bloomberg
Empty desk space sits in the Deutsche Bank AG offices in Eschborn, Germany, on Monday, May 25, 2020. The trickle of workers returning to Deutsche Bank’s Frankfurt headquarters are finding a new reality of takeout lunches and coffee as the lender restricts social contact.

The bank’s leadership is working on a new “hybrid model” for how staff can split work between the office and their homes, Chief Executive Officer Christian Sewing said at a conference on Thursday.

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The new policies will eventually allow employees to have binding agreements on how many days per week they want to work away from the office, a person familiar with the matter said. The

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Posted in home

Deutsche Bank to Let More Staff Work From Home to Cut Offices

(Bloomberg) — Deutsche Bank AG is revising its work-from-home policies in an effort to permanently reduce office space and save costs.



a room filled with furniture and a large window: Empty desk space sits in the Deutsche Bank AG offices in Eschborn, Germany, on Monday, May 25, 2020. The trickle of workers returning to Deutsche Bank’s Frankfurt headquarters are finding a new reality of takeout lunches and coffee as the lender restricts social contact.


© Bloomberg
Empty desk space sits in the Deutsche Bank AG offices in Eschborn, Germany, on Monday, May 25, 2020. The trickle of workers returning to Deutsche Bank’s Frankfurt headquarters are finding a new reality of takeout lunches and coffee as the lender restricts social contact.

The bank’s leadership is working on a new “hybrid model” for how staff can split work between the office and their homes, Chief Executive Officer Christian Sewing said at a conference on Thursday.

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The new policies will eventually allow employees to have binding agreements on how many days per week they want to work away from the office, a person familiar with the matter said. The lender has developed estimates how big a share of total staff will work from home,

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Deutsche Bank NYC-Area Employees Can Stay Home Until Mid-2021

(Bloomberg) — Deutsche Bank AG told its New York City employees that they can continue working from home until mid-2021, in contrast to rival banks that are seeking to return staffers to offices.



a sign above a store: Deutsche Bank headquarters at 60 Wall Street in New York.


© Bloomberg
Deutsche Bank headquarters at 60 Wall Street in New York.

Workers in New York, New Jersey and Connecticut “face the continuing balancing of your work and your children’s sporadic school schedule” as well as concerns about public transportation, cleanliness and quality-of-life issues amid the Covid-19 pandemic, the German bank said in a memo to staff. Employees can keep working at home until July, when the company plans to leave its 60 Wall St. offices for new headquarters on Manhattan’s Columbus Circle.

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“We will ask you to return to the office when we move into our new building, Deutsche Bank Center, assuming the environment at that time allows a safe return to the office,”

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