| 8.4°C Dublin

Close

Premium

Ulster Bank halts search for new HQ after Covid

'Quantum leap' in how, where and when staff work prompts rethink

Close

Home: Ulster Bank’s current headquarters in George’s Quay, Dublin. Photo: Frank McGrath

Home: Ulster Bank’s current headquarters in George’s Quay, Dublin. Photo: Frank McGrath

Home: Ulster Bank’s current headquarters in George’s Quay, Dublin. Photo: Frank McGrath

Ulster Bank has suspended its search for a new headquarters and is reassessing its need for a major office campus in the wake of Covid-19.

The rethink makes it the first major employer in Ireland to indicate that the dramatic shift to staff working from home during the Covid-19 outbreak will permanently change how it does business.

Big technology companies such as Google and Facebook have said significant numbers of their staff will continue to work from home into 2021 but have not said it will change their property needs.