BNY Mellon has ordered its employees in the UK to stop working from home, causing anger among staff who have become used to working flexibly. Staff at the $33tn custody giant were previously allowed to work from home several days a week but have now been told they are expected to be at their desks full time, except under unavoidable circumstances such as illness or family emergencies. The...
BNY Mellon has ordered UK staff to stop working from home and is reviewing all remote working arrangements. The move, which is expected to affect several thousand staff, is part of an overhaul that aims to automate processes, reduce headcount and reduce bureaucracy. A spokeswoman said the bank's intention was to maximise the benefits of people working closely together.