The European Central Bank extended a hybrid work regime under which staff is allowed to work remotely for 110 days each year. This means they get to WFH around 50% of the time!
Currently, employees are allowed as many as 10 monthly days away from the office.
According to an EBC spokesperson, the decision prolongs this rule until 2027, when a new review is planned.
Additionally, employees can work 90 of their 110 days outside of Frankfurt.
The current system took effect in 2023, tightening a previous arrangement introduced during the pandemic.
About 95% of staff worked remotely last year, for an average of 57 days, according to the ECB.
Carlos Bowles, chair of the ECB staff committee, welcomed the decision.
“The possibility to work from home matters a lot to ECB staff as it helps make work obligations easily compatible with private constraints,” he said in an email.
“It is also an essential element to attract and retain a future-oriented workforce, while further building resilience.”
This is great news knowing that remote work has been in retreat in the wider financial industry.
Citigroup Inc., HSBC Holdings Plc, and Barclays Plc ordered more employees back to the office full-time last year.
