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UBS has divided the Hong Kong workforce into groups as COVID-19 cases are on the rise

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Hong Kong, Jan. 6 () – The UBS Group has split its 2,500 Hong Kong workforce into two groups, each returning to work in alternate weeks as the city tightens restrictions as COVID-19 cases increase, according to an internal note. staff seen by.

A bank spokesman confirmed the content of the note sent to employees on Thursday.

The move comes amid concerns of a fifth wave of COVID-19 infection at the Asian Financial Center. Hong Kong has announced a two-week ban on some incoming flights, restricting indoor dining and indoor swimming pools, bars and other places.

On Wednesday, 38 new coronavirus cases were reported in the city.

According to the memorandum, UBS employees were told to minimize “reciprocal” travel in bank offices and not to communicate with members who were not on their team to reduce the risk of contamination.

Standard Chartered split its workforce into groups of 6,000 earlier this week.

Banks in Hong Kong, unlike other major financial centers such as New York or London, have been operating at almost full capacity for the past few months as the city has significantly isolated itself from the world and pursued a zero-COVID strategy. (Scott Murdoch’s report in Hong Kong; edited by Himani Sarkar)

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