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Factbox-Canadian banks gradually bring employees back to offices -Breaking

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© Reuters.

TORONTO, Reuters – Canadian banks allow employees to work at home in the wake of pandemic. But with more than 80% having already been vaccinated they slowly bring them back to the offices using hybrid arrangements.

These are major banks’ plans to return staff to their work places. While some have established return dates, others keep things more flexible.

Royal Bank of Canada: While most of its 61,000 employees work from home, many are returning to the office or planning on doing so in the weeks and months ahead. Some of these employees will be working from their home, while others work in an office.

Each region or business group will determine the most suitable work arrangement. All employees will have at least four weeks notice prior to returning to their offices.

Toronto-Dominion Bank : Workers working remotely are not expected back to Toronto’s banks before 2022. But, Toronto-Dominion Bank is “monitoring” the changing situation. When conditions permit, the bank will prepare for employees to return home to TD locations.

Bank of Nova Scotia – Scotiabank is planning to start a gradual return of head-office workers working remotely starting January 17. Different groups will experience a different return schedule. Most head-office employees will use a hybrid model of work and the returns will be arranged in stages.

Bank of Montreal: Some of the employees working at home have returned to BMO branches in June. Others started work in fall. There will be different time frames for full-fledged returns depending on the geography, team and group.

Canadian Imperial Bank of Commerce – Most Canadians who are employed from their homes will soon return to work on a mixed basis starting in 2022.

The banks also have mandatory vaccination policies which employees must follow in order to return home.

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