StanChart divides Hong Kong workforce over concerns over new COVID-19 outbreak

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A Standard Chartered logo is displayed at its main branch in Hong Kong, China, August 1, 2017. REUTERS / Bobby Yip

HONG KONG, Jan.5 (Reuters) – Standard Chartered Plc (STAN.L) has started operating as split teams in Hong Kong, a bank spokesperson said on Wednesday, as the Asian financial center announced tough new restrictions after an increase in new COVID- 19 cases.

Critical teams at the London-based bank, which has around 6,000 employees in Hong Kong, this week put in place a working agreement between Team A and Team B, the spokesperson said, adding that other units were encouraged to follow suit.

Hong Kong leader Carrie Lam said on Wednesday the government would introduce a series of new measures to curb the spread of COVID-19, warning the city was on the brink of a new outbreak. Read more

Hong Kong’s financial offices have been operating at near full capacity in recent months, unlike New York or London, with the city sticking to a zero COVID strategy by largely isolating itself from the world.

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Reporting by Scott Murdoch; edited by Sumeet Chatterjee and Jason Neely

Our Standards: Thomson Reuters Trust Principles.

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