Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

British Airways pulls staff out of its £200million headquarters for six months - as just half of City bankers return to offices

BA joins the likes of Google, KPMG and RBS by keeping staff at home until 2021 .Around 22,000 staff are on furlough, with 12,000 workers set for redundancy . Large companies are facing growing calls to bring employees back to the office

British Airways office staff look set to continue working from home until next year.

The airline is to mothball most of its opulent £200million headquarters near Heathrow for at least six months, it emerged yesterday.

It is a bid to slash costs amid a severe economic blow to the aviation industry inflicted by the pandemic.

BA joins a list of other top firms including Google, RBS, Pearson, KPMG, Facebook, Coca-Cola and Vodafone that have already suggested office staff might not have to return until 2021.

City of London leader Catherine McGuinness said banks had told her only 40 to 50 per cent of office workers were likely to return this year because of physical distancing rules.

It led to growing fears for thousands of smaller city centre businesses – from sandwich shops and pubs to dry cleaners, hairdressers and newsagents – that rely on busy offices.

BA refused to confirm how many staff will continue working from home under its plan.

But it is understood thousands are usually based at its 240-acre Waterside HQ near Heathrow and that only a few hundred will remain.

BA sources insisted that no timeline has been set out. But the trade website Head for Points reported staff in back-office roles will work from home for six months or even longer.

A BA spokesman said: ‘We are exploring every option to control our costs. We have a large property estate and we are always seeking ways to manage it in the optimum way.’

The carrier has put 22,600 workers on the Government’s furlough scheme and is looking to make at least 12,000 redundancies amid flatlining demand.

It came as Barclays boss Jes Staley said he wanted staff back in offices because ‘it is important to get people back together in physical concentrations’.

Acknowledging that empty offices had a huge impact on other sectors of the economy, he added: ‘We also have a responsibility to places like Canary Wharf, like Manchester, like Glasgow.’

He told Bloomberg TV that around 60,000 employees have been ‘working from their kitchen tables’, while around 20,000 had remained in branches, call centres and critical office roles.

The comments are an apparent U-turn on his previous remarks that big city offices ‘may be a thing of the past’.

But he did not set a schedule for office returns, simply saying it would happen ‘over time’.

Meanwhile, HSBC said staff would not be expected to return until September at the earliest.

According to the Evening Standard, the bank’s UK chief operating officer Emma Bunnell told staff in a memo: ‘We have a small number of key worker colleagues working in our offices and branches.

Based on current conditions, we will not return any additional colleagues to our offices before September 2020 at the earliest.’

She said it was inevitable cafes and other shops in districts that rely on office footfall will shut. She also suggested home working will continue after the pandemic, adding: ‘We will see a “new normal” gradually develop.

But we are confident there is a place for the office for gathering people.’ Experts at the Centre for Economics and Business Research predict up to 10.7million Britons – a third of the workforce of 32.9million – will stick to at least partly working from home after the crisis.

Last year, only around 1.7million worked ‘mainly from home’, according to official data.

A Mail audit of big companies found dozens have no immediate plans for staff to return to offices.

Tory MP Damian Green said last night the ‘single biggest step we could take to bring the lifeblood back to our cities is creating confidence that our public transport is safe to use again’.

His comments came after it emerged that nearly three quarters of workers currently feel uncomfortable using public transport.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Hungarian Officials Talk About Economic Collaboration and Sanctions Strategy
Technology Giants Activate Lobbying Campaigns Against Strict EU Regulations
Pope Francis Admitted to Hospital in Rome Amid Increasing Speculation on Succession
Zelensky Calls on World Leaders to Back Peace as Tensions Rise with Trump
UK Leader Keir Starmer Calls for US Security Guarantee in Ukraine Peace Deal
NATO Chief Urges Higher Defense Expenditure in Europe
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advancement.
Rubio Touches Down in Riyadh Before Key U.S.-Russia Discussions
Students in Serbian universities Unite to Hold Coordinated Protests for Accountability.
US State Department Removes Taiwan Independence Statement from Website
Abolishing opposition won't protect Germany from Nazism—this is precisely what led Germany to become Nazi!
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Anxieties and Market Instability
Bill Ackman Backs Uber as the Company Shifts Towards Profitability
AI Titans Challenge Nvidia's Supremacy in Light of New Chip Innovations
US and Russian Officials to Meet in Saudi Arabia Over Ending Ukraine Conflict. Ukraine and European leaders – who profit from this war – excluded from the negotiations.
Macron Calls for Urgent Summit as Ukraine Conflict Business Model is Threatened
Trump’s Defense Secretary: Ukraine Won’t Join NATO or Regain Lost Territories
Zelensky Urges Europe to Bolster Its Military in Light of Uncertain US Backing
Chinese Zoo Confesses to Dyeing Donkeys to Look Like Zebras
Elon Musk is Sherlock Holmes - Movie Trailer Parody featuring Donald Trump's Detective
Trump's Greenland Suggestion Sparks Sovereignty Discussions Amid Historical Grievances
OpenAI Board Dismisses Elon Musk's Offer to Acquire the Company.
USAID Uncovered: American Taxpayer Funds Leveraged to Erode Democracy in Europe Until Trump Put a Stop to It.
JD Vance and Scholz Did Not Come Together at the Munich Security Conference.
EU Official Participates in Discussions in Washington Amid Trade Strains
Qatar Contemplates Reducing French Investments Due to PSG Chief Investigation
Germany's Green Agenda Encounters Ambiguity Before Elections
Trump Did Not Notify Germany's Scholz About His Ukraine Peace Proposal.
Munich Car Attack Escalates Migration Discourse Before German Elections
NATO Allies Split on Trump's Proposal for 5% Defense Spending Increase
European Parliament Advocates for Encrypted Messaging to Ensure Secure Communications
Trump's Defense Spending Goal Creates Division Among NATO Partners
French Prime Minister Bayrou Navigates a Challenging Path Amid Budget Preservation and Immigration Discourse
Steering Through the Updated Hierarchy at the European Commission
Parliamentarian Calls for Preservation of AI Liability Directive
Mark Rutte Calls on NATO Allies to Increase Defence Expenditures
Dresden Marks the 80th Anniversary of the World War II Bombing.
Global Community Pledges to Aid Syria's Political Transition
EU Allocates €200 Billion for AI Investments, Introduces €20 Billion Fund for Gigafactories
EU Recognizes Its Inability to Close the USAID Funding Shortfall Due to Stalled US Aid
Commission President von der Leyen Missing from Notre Dame Reopening Due to Last-Minute Cancellation
EU Officializes Disinformation Code for Online Platforms, Omitting X
EU Fails to Fully Implement Key Cybersecurity Directives
EU Under Fire for Simplification Discussions Regarding Corporate Sustainability Reporting
Shein Encountering Further Information Request from the EU During Ongoing Investigation
European Commission Initiates Investigation into Shein as It Aims at Chinese E-Commerce Regulations
German Officials Respond to U.S. Proposal for Peace Talks with Russia
Senate Approves Robert F. Kennedy Jr. as Secretary of Health and Human Services.
Trump and Putin Engage in Discussions on Ukraine Peace Negotiations Amid Worldwide Responses
Honda and Nissan End Merger Talks
×