Wellbeing | Staff angered as employer cancels remote working

Staff angered as employer cancels remote working

Worldwide banking firm BNY Mellon has ordered all UK staff to stop working from home, in a move employees have described as causing stress and personal problems – Financial News reports.

Staff at the $33tn (£24.91tn) company were previously allowed to work from home several times a week. However, new rules state they must be at their desks unless they have a strong reason not to be, such as illness or a family emergency.

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Comments (4)

  • T. N. Biscuits
    T. N. Biscuits
    Thu, 7 Mar 2019 2:14am GMT
    1. Employees in far-flung locations were hired with the agreement they could telecommute, and are now being told if they can't come in to the office, they are voluntarily resigning with no severance package.

    2. The bank is having a wholesale sacking of employees, with many receiving falsified below expectations performance ratings absent any measurable metrics, which are then being used to lay them off.

    It's widely suspected internally that forcing telecommuters out is a way to reduce headcount without having to pay severance.
  • Gloria Mundi
    Gloria Mundi
    Wed, 6 Mar 2019 6:18pm GMT
    In response to the comment from Sir, it is highly unlikely that BNY Mellon would be moving his money or carrying out any other transaction on his behalf as it’s not a retail bank and most of the employees this will affect are not operational or front office client facing staff actually moving cash or carrying out the clients’ transactions. Every other financial institution in the City, including retail banks does allow flexible working.
  • Sir
    Sir
    Mon, 4 Mar 2019 1:21pm GMT
    I quite like the idea of someone dealing with financial transactions and other peoples money (possibly mine), doing so from a controlled environment and not from their kitchen table with the neighbour popping in for a cup of tea and the plumber coming round to fix the shower.
    Isn't there a security angle to all this ?
  • John
    John
    Mon, 4 Mar 2019 12:43pm GMT
    Often arbitrarily rescinding remote working flexibility results in huge knock on effects and seldom preceded by proper ROI OF RETURN ON EMPLOYEE EXPERIENCE type exercise. London & UK commute times horrendous and very costly. Employees have huge opportunities to explore alternatives as loads of jobs, so wont despair.

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