Deutsche Bank has become the latest big company to crackdown on working from home, ordering managers back to the office four days a week.
The German investment bank, which employs around 6,000 people in London, has told staff they will need to be in the office at least two-thirds of the time. More senior employees will need to be in four days a week.
The new rules, which will come into force in June, will also ban workers from working from home on Friday followed by Monday in an apparent crackdown on employees taking unofficial long weekends.
A spokesman for the financial services giant said: “The bank remains committed to our hybrid working model, which has been received extremely positively by staff.”
It added that its “new guidelines will ensure consistency across the bank and strengthen senior leadership presence in the office, which remains the primary place of work.”
The move follows stricter rules on home working from competitors. Goldman Sachs launched a crackdown on staff not attending the office five days a week last summer, while Bank of America sent “letters of education” to staff in January threatening disciplinary action for those who failed to meet their office attendance requirements.
Robert Johnson is a UK-based business writer specializing in finance and entrepreneurship. With an eye for market trends and a keen interest in the corporate world, he offers readers valuable insights into business developments.
