Deutsche Bank says it will let staff work from home 3 days a week when offices open

• Deutsche Bank plans to adopt a hybrid working model as its employees return to work.
• Staff would be able to work up to three days a week from home, Deutsche Bank said.
• CFO James von Moltke told Bloomberg it would be "up to the employee, but in a structured way with the manager."

Deutsche Bank plans to let staff work from home for up to three days a week, in a move towards more flexible working.

James von Moltke, Deutsche Bank's chief financial officer, told Bloomberg Wednesday that "it's a range of 40 to 60 percent, we think, of flexibility."

"It will really be up to the employee, but in a structured way with the manager so we know when people are expected to come to the office," he said.

It was difficult to say when employees would be able to return to offices "because it's so location-specific," but the buildings would open in the near future, von Moltke said.

"We'd expect in some important locations like London and New York for that to start in the next several months," he said.

A Deutsche Bank spokesperson told Insider the bank was looking at a hybrid working model in which employees can work remotely two to three days per week.

This means staff could "adopt a more flexible approach to where they work whilst continuing to recognise that time in the office remains critical to how we work," they said.

In an employee survey, 90% of respondents said they wanted the chance to work remotely after the pandemic, they added.

The spokesperson said that "office space would function in a new way," focused on collaboration. Offices would be "designed and reinvested in" to support the new way of working, they said.

Read more: Deutsche Bank's global head of investment banking walked us through how summer internships will work with some people in-office and some remote

The Frankfurt-based lender had previously said it planned to cut its office space to save money.

In November, Deutsche Bank was considering letting staff permanently work from home for two days a week, people familiar with the matter told Bloomberg. At the time, the bank told Insider it was considering a "hybrid model that will combine working from home as well as in the office," but that no decisions had been made.

JPMorgan is also reducing office capacity and plans to have an "open seating" arrangement in the workplace.