November 27, 2020
Three Of The Largest Banks In The World Push Back Return To Work To April Of Next Year
Three of Canada’s largest banks are planning to keep most of their employees working remotely until the spring, pushing back plans to get back to offices amid a spike in cases of the novel coronavirus.
On Wednesday, Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO) each told employees that most people currently working remotely should expect to do so until at least April. CIBC made the decision in light of the “latest health authority guidance,” said Sandy Sharman, CIBC’s head of people, culture and brand, in a memo sent to the bank’s staff on Wednesday.
mobilityView believes that it is highly unlikely that these employees will be returning to work in April.
In Canada the Canadian government has publicly admitted that the construction on facilities that would manufacture our local domestic production have been delayed.
We believe that if you are a large employer like Toronto Dominion Bank (TD), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC) you will not want to take the legal risk of class action lawsuit for the failure to provide a safe working environment that has the ramifications of causing death of family members and relative that don’t even work there.
What Chief Legal Officer will be saying this is a good idea to return to work without a very significant (well in excess of 50%+) percentage of the population being successfully vaccinated.
We believe that large employers will not be having employees back in an office to September 2021 at the earliest.
Further we expect that at most 50% of the employees that were working from an office will be returning to an office (full time or part time.)
If you are selling B2B Telco services, a complete rethink is needed.
Three Of The Largest Banks In The World Push Back Return To Work To April Of Next YearBack