Last week, UBS made an internal announcement: Employees will be required to be present in the office three days a week.
This is unless their function or role requires more than three days of attendance or if specific country, or entity-related requirements, apply.
UBS is Switzerland’s largest bank by assets and a global financial powerhouse.
The company released an internal memo: “Our winning culture is the cornerstone of our success, driving innovation, collaboration, and team productivity.”
“Spending enough time together in the office is essential for providing real opportunities to learn, grow, and have impact,” they stated.
Additionally, one of the in-office days needs to be a Monday or Friday.
UBS described this new approach as “office-centric with flexibility”. A spokesperson claimed: “Spending enough time in the office with colleagues fosters innovation, collaboration, and team productivity.”
This change will affect the bank´s 115,000 employees who now work remotely.
The combined global bank aims to achieve a more balanced occupancy of office spaces. For employees working part-time, the aim is to be present in the office 60% of the working time.
The approach is similar to that of Deutsche Bank last year, which called staff back to the office.
