Financial basis

TD Bank opens offices for employees as COVID cases decline

A man wearing a protective mask walks past the TD Bank in the financial district, as the provincial Phase 2 reopening of coronavirus disease (COVID-19) restrictions begin in Toronto, Ontario, Canada June 24, 2020. REUTERS /Carlos Osorio

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April 6 (Reuters) – The Toronto-Dominion Bank (TD.TO) said on Wednesday that its employees would return to the office on a voluntary basis this month, with an official return scheduled for June.

Canada’s second-largest lender said in an internal memo seen by Reuters that it was preparing for the return of more than 65,000 staff to its offices in the coming months.

Financial institutions across North America, which were forced to put their return-to-work plans on hold late last year after rising COVID cases due to the variant’s rapid spread Omicron, are now looking to bring employees back.

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TD said in the memo while it expects the virus to remain in circulation with rising case numbers, public health units are now better equipped to deal with new waves. .

The bank added that it will monitor and make adjustments to guidelines and mask mandates in its locations in accordance with local laws and conditions.

Canadian lender Bank of Nova Scotia (BNS.TO) issued a similar directive in February allowing employees to return to the majority of its domestic offices on a voluntary basis from mid-March.

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Reporting by Manya Saini in Bangalore; Editing by Shinjini Ganguli

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