BMO Says 80% of Employees May Switch to Blended Home-Office Work
- Covid-19 leads Bank of Montreal to rethink workplace policies
- Firm has maintained services during outbreak, Malone says
The pandemic has already upended much of the workforce of Canada’s fourth-largest bank.
Photographer: Stephanie Foden/BloombergThis article is for subscribers only.
Bank of Montreal anticipates that as much as 80% of its staff -- or about 36,000 employees -- may adopt new flexible arrangements that blend working from home with going into the office even after the Covid-19 pandemic subsides.
The virus prompted the bank to make a sweeping reappraisal of workplace policies, according to Mona Malone, chief human resources officer. She said the lender expects that 30% to 80% of employees may continue to work from home at least some of the time. The Toronto-based bank employed about 45,000 people as of Jan. 31.