Lloyds Banking Group (LBG) has asked the majority of its staff to continue working from home until at least spring 2021 due to the ongoing Covid-19 pandemic.
The rise in Covid cases has pushed the UK government to issue guidelines urging staff to work remotely.
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The banking group said that its decision was “in line with guidance.”
As many as two-thirds of Lloyds’ 65,000 total employees will work from home.
However, employees in customer-facing roles will continue to work from office at 890 high street bank branches.
A spokesperson for Lloyds Banking Group said: “In line with guidance from the UK and national governments and given the majority of our colleagues are working from home, we have asked them to continue to do so until at least spring.”
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By GlobalDataLBG includes Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows businesses.
The latest move is expected to affect thousands of employees residing in the City of London.
Moreover, after the cases surged, the bank moved its capital into Tier 2 Covid-19 restrictions, imposed by the UK government last week.
According to these restrictions, people cannot socialise with other households in indoor settings, such as in pubs and restaurants.
Last month, LBG decided to make 865 roles redundant to slash costs as surge in bad loans amid the Covid-19 pandemic affects its income.
In May, the bank planned to postpone its retrenchment plans until October 2020. However, Lloyds was grappling with long-term cost pressures.
In August, many high street UK banks planned to convert parts of their branches into office space to avoid staffing bigger offices amid the pandemic.
Challenger bank Virgin Money and retail lender Metro Bank already had plans for the same, while Lloyds Bank planned to test a similar approach this month.
