(Bloomberg) – The initiative of banks and other New York employers to bring workers back to their offices is being damaged by unexpected obstacles in neighboring states.
With the strike of New Jersey transport locomotive engineers looming on Monday’s commute, Garden State residents are eager for the latest information on negotiations as they consider the option of working in Manhattan with the train closed. NJ transit officials and the union representing its railway engineers said the plans held in Newark on Saturday performed well. More talks were held on Sunday.
According to traders and a number of other positions, including Deutsche Bank AG, Citigroup, Citigroup, Mitsubishi UFJ Financial Group Inc., Credit Agricole SA and Castleoak Securities, they can work from home or in local offices, although often traders and some other roles are usually other positions. Limits offer partial probation for the return policy that gained momentum five years after the COVID-19-19 pandemic disruption model.
But as long as the strike continues to move forward, traveling through the most populous metropolitan area of the United States, they are expected to be in chaos, and anyone with a pied-terre in Manhattan, or a generous friend or family member who encounters a crash in Manhattan, is on the countdown.
The shutdown of NJ NJ bus train services led to clogging buses, light rail cars and path services, as commuters sought alternatives, as well as the emergence of Uber. Services have also been suspended to the Metropolitan Stadium, creating headaches and a huge ride-sharing bill for singer Shakira fans, which performed Thursday and Friday nights.
“For some people, there is no train option, and there are thousands of people trying to get to and from get off work by bus, ferry or car that blocks alternative routes,” Castleoak said in a memo to employees. “We ask everyone to make the best judgment about commuting.”
CEO Jamie Dimon has been a strong advocate for in-person work, and JPMorgan Chase & Co. advises employees to work with managers to figure out the strike plan. According to a memo sent Friday, anyone working remotely should record the “Approval of Working from Home – Personal Situation” code.
A JPMorgan Chase employee who lives in New Jersey was asked not to be identified because he was not authorized to comment publicly, and the manager was told that those who drove to the office would not drive to the office the way he planned to do. This means he had to look at alternatives like Boxcar – Boxcar (a private bus service from state to New York City that he had never considered before.
Dimon’s comments last week are increasing pressure on JPMorgan workers to find a way.
“I totally praise you for not wanting to go to the office every day, but you won’t tell JPMorgan in an interview before the strike began.”
A JPMorgan representative declined to comment.
A resident of upscale low mountain in New Jersey, who booked a box bus trip to work Monday for the millennium where he worked at the Hedge Foundation and may stay in Brooklyn’s friends without having to go back to his wife and children’s homes to avoid long echoes every day.
In the credit market, debt sales have regained their lives as tariffs ease, and banks have given guidance to employees. As of late Friday, Deutsche Bank encouraged people living in New Jersey who are eligible to work from home, according to people familiar with the matter. A MUFG employee who lives in New Jersey said a manager allowed to work from home. Credit Agricole employee has the option to work from home or at the bank’s NJ office.
Representatives of MUFG and Credit Agricole did not respond to requests for comment. Deutsche Bank representatives declined to comment. A representative for Castleoak did not respond to a request for comment. A Citigroup official said employees who do not need to perform work remotely during the strikes enter the office.
Danny Wild, senior coordinator of digital operations at the Major League Baseball Manhattan office, said he was looking forward to a strike to avoid entering the office from Rockland County, New York five days a week. He received an email Friday telling him to stay home due to work shutdowns.
He loves it now, but is also worried: if the strike continues, his employer asks workers to consider other options.
“There is no good choice,” he said. “If I want to go in, I look at the price of Uber with humor: basically taxes and tips over $100.”
There are other examples on social media where workers cheer during strikes so they can avoid commuting to and from get off work. Among the 10 largest cities in the U.S., the number of workers going to offices is 53% of Covid-19 levels in the week ending May 7, according to Kastle Systems.
“I just need to go to the office 2 days a week and I’m really praying for a long NJ Transit Rail strike so I can drop it to 0 as long as possible,” the account on the handle with Frankingeneral posted on X.
But those who are used to the pandemic rhythm of commuting into the office every day are frustrated.
Matt Kritzberg, 24, who works at NJ Transit Trains from New Jersey to New York City, said he is worried about productivity when working from home.
“A big part of my work is working with people,” he said. “As someone who plays a new role and wants to put in more effort, rather than being there five days a week, I work from home. It doesn’t seem good.”
– Assisted with Jeannine Amodeo, Rthvika Suvarna, Gowri Gurumurthy and Nacha Cattan.
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