Business

AmEx employees can work from anywhere for up to 4 weeks a year - memo

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American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid/File Photo

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Oct 18 (Reuters) - American Express Co (AXP.N) will allow employees to work from anywhere they want for up to four weeks a year, Chief Executive Officer Stephen Squeri said in a memo to staff on Monday.

That will include the 15 days when employees are allowed to work outside their country, according to the memo.

Adopting a more relaxed stance on work-from-home than most of the big U.S. banks, AmEx has divided staffers into hybrid, onsite and fully virtual categories.

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Most of the hybrid model staffers must work from office two days a week, it said, while onsite workers will come in for four to five days. Employees in the fully virtual category can continue to work from home.

Data from a survey earlier this year showed nearly 20% of the credit card issuer's employees wanted to work virtually full-time.

AmEx will start bringing its employees in the United States, UK and Germany back to offices from Jan. 24.

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Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath

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