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HSBC Considers New London HQ
Reports from The Sunday Times suggest that HSBC is looking to leave its global headquarters at 8 Canada Square in Canary Wharf. According to the British newspaper,...
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HSBC Managers to Hot Desk Instead of Having Private Offices
19 April 2021
HSBC’s Chief Executive has told a national newspaper that an entire executive floor of its Canary Wharf office is now to be used as meeting rooms and collaborative space.
According to the Financial Times, the executives who worked on 42nd floor of the London skyscraper will now hot desk on open plan floors instead.
Noel Quinn announced in February that the bank will free up its office footprint by forty per cent, but will still maintain a city presence.
Two Employees Per Desk Policy
Quinn told the FT: “Our offices were empty half the time because we were travelling around the world. That was a waste of real estate. If I’m asking our colleagues to change the way that they’re working, then it’s only right that we change the way we’re working.
“We don’t have a designated desk. You turn up and grab one in the morning. “I won’t be in the office five days a week. I think it’s unnecessary . . . It’s the new reality of life.”
Quinn also confirmed that the company will operate a “two employees per desk” policy.
This news comes as rival bank Nationwide announced that it will allow all 13,000 office staff to work remotely.
Picture: a photograph of an HSBC sign. Image Credit: HSBC
Article written by Ella Tansley | Published 19 April 2021
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