Outskill Genai
HomeNewsWorldRoyal Bank of Scotland says 'vast majority' of staff can work from home until 2021

Royal Bank of Scotland says 'vast majority' of staff can work from home until 2021

Around 10,000 RBS staff have continued to work in branches, 95 percent of which have remained open, and some offices during the pandemic.

July 20, 2020 / 19:58 IST

Royal Bank of Scotland (RBS) has told staff that the "vast majority" can continue to work from home until 2021, despite the British government's decision last week to scrap guidance encouraging people to work from home from next month.

In a memo to staff on Monday seen by Reuters, RBS said it would extend the option to work from home for more than 50,000 employees until 2021, extended from September previously.

Prime Minister Boris Johnson said on Friday he hoped Britain could return to normality by Christmas and gave employers "more discretion" on returning staff to offices providing it was safe to do so from August 1.

"Like we've done throughout the pandemic the decision has been made carefully, including considering the latest guidance from the UK Government on Friday and our own health and safety standards and procedures. It's a cautious approach but we feel the right one to take currently," the RBS memo said.

Around 10,000 RBS staff have continued to work in branches, 95 percent of which have remained open, and some offices during the pandemic.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

In May around 400 additional RBS staff were asked to return to offices, where protections include a limit of two people per lift, thermal imaging, temperature checks and one-way systems in corridors.

Very few additional RBS staff would be asked to return to offices in the immediate future and "only where there is a genuine business need or for wellbeing and mental health reasons", RBS said in its memo.

Follow our full coverage of the coronavirus pandemic here.

Reuters
first published: Jul 20, 2020 07:52 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347