Mizuho Dials Back Return to London Office as U.K. Cases Rise
- Japanese bank among first in the City to tighten office return
- Move prompted by rapid increase in U.K. rate of infections
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Mizuho International Plc tempered a move to allow all of its staff back to the Japanese bank’s London office amid a new wave of U.K. coronavirus cases.
The firm told workers Friday in a memo that only employees performing “business critical” roles can return to its office near St. Paul’s Cathedral, which normally houses about 1,400 staff. Monday was the first day the policy applied at Mizuho, which had previously given all staff the choice to return as long as the building’s capacity didn’t exceed 50%.