Credit Suisse CEO Says Workers Will Never Return to the Office

Credit Suisse CEO Thomas Gottstein said on Monday that bank employees will never return to full-time office work.

“It’s unrealistic and not what the employees want,” he explained. In an interview at the World Economic Forum in Davos, the chief executive said that the bank was “trying to encourage people to come back, but it ends up being counterproductive if forced”.

Gottstein added that it will never go back to the times when most employees are in the office and that at the moment the mandatory rate is around 60%, but the actual figures show that only 37% of Swiss bank workers are physically in the office.

Credit Suisse’s CEO joins growing voices in Europe that have supported flexible working policies to attract and retain new employees in companies. In fact, several European companies such as BNP Paribas, BBVA and the Swiss group UBS have already made changes to their policies regarding remote work, allowing employees to work from home.

“We’ll never go back to the old numbers of 80 to 90 percent of people in offices,” Gottstein said.

And the official also mentioned other factors for this new reality: “in certain cities, like London, where commuting to work is complicated, people prefer to stay at home one or two days a week”.

“Looking at the weekly statistics, we see that on Mondays and Fridays we have very few people in the offices, while on Tuesdays, Wednesdays and Thursdays the number is much higher. I think this is a trend that is here to stay”, finished.

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