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The Royal Bank of Canada orders employees to work remotely

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TORONTO, Jan. 6 () – The Royal Bank of Canada has advised all employees in the region, including Ontario and Quebec, to work remotely if their work is allowed, on the recommendation of provincial governments, a spokesman said Wednesday night.

Royal Bank, unlike some of its competitors, did not provide an exact date to return to the office, and executives encouraged employees to work from home in December, according to an email statement.

Last week, both Ontario and Quebec announced updated restrictions amid an increase in COVID-19 cases due to the Omicron option.

Royal Bank, Canada’s largest bank by market value, joins all of its main competitors in keeping employees at home. In December, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Bank of Canadian Imperial Bank of Commerce and National Bank of Canada, as well as insurer Manulife Financial Corp, suspended plans to reinstate employees in early 2022. .

A number of Wall Street banks and investment firms, including Bank of America, Citigroup and Jefferies Financial Group, have also scrapped attempts to bring employees back to the office due to the Omicron spill. (Reporting by Nichola Saminather, edited by Alexandra Hudson)

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