Bank of Montreal is now planning for staffers in the unit to come back in November, with the potential to delay their return further
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Bank of Montreal pushed back plans to bring back employees in its investment and corporate banking division by at least a month as COVID-19’s highly contagious Delta variant upends return-to-office schedules across the finance industry.
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The company is now planning for staffers in the unit to come back in November, with the potential to delay their return further, according to a memo Monday to staffers in North America. Bank of Montreal originally targeted October for its return-to-office plans as it moves New York employees into a new building. Staffers currently in New York will be asked to work remotely from Sept. 20 to Oct. 8.
“With COVID-19 continuing to be an evolving situation, many of our regions are impacted in different ways,” Alan Tannenbaum, head of global investment and corporate banking, said in the memo. “We’re focused on being flexible and adapting quickly to the changing landscape to protect our colleagues and clients.”
Concerns about the Delta variant are causing companies and governments to rethink the safety of allowing unvaccinated employees to return to offices. Some have reinstated policies that require employees who have been coming in to wear masks. On Friday, Bank of Montreal was among the big Canadian banks that began requiring returning staff to be fully vaccinated.
