Virgin Money to downsize for hybrid working

Virgin Money has announced changes to its property portfolio to support its flexible working plans.

The move follows the bank’s launch of its ‘A Life More Virgin’ employment package.

The changes come after Virgin announced in September that it would have lower office space requirements as office hubs are re-purposed to fit hybrid working.

The majority of employees will now be able to work remotely for significant periods of time, travelling to offices primarily for collaboration purposes.

Virgin Money said it will open what it describes as “modern, collaborative hubs” for those working in its key locations.

“With ‘A Life More Virgin’, our colleagues have much more flexibility to choose how and where they work,” said Fraser Ingram, chief digital and innovation officer, Virgin Money. “To support this, we will ensure we offer modern, vibrant and collaborative hubs in our key locations, striking the right balance between creating spaces to support the needs of our colleagues, cost efficiency and our commitment to reducing our carbon footprint.”

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