New York Plans How To Return To Business Amid COVID-19 Pandemic

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New York Plans How To Return To Business Amid COVID-19 Pandemic

Health workers carry a patient to an ambulance on April 11, 2020 in the Brooklyn borough of New York City. Spencer Platt/Getty Images/AFPBanks are considering letting some employees keep working from home indefinitely, and staggering the shifts of those who do come into the office.

“‘When will we return to work?’ is a question on many people’s minds these days,” said Jane Fraser, the number two official at Citigroup. She has assembled a committee of veteran bankers to come up with conservative scenarios for a return to something resembling normalcy.Like its rivals, Citi has set up market-watching computer terminals for traders at home, although some traders have been sent to especially disinfected facilities to do their jobs.

“Employees will return to work on-site in a phased approach over a period of time,” read an internal memo seen by AFP. Measures taken to curb the spread of the virus will probably destroy 475,000 jobs through March 2021 and leave New York with a 9.7 billion dollar budget deficit, according to the Independent Budget Office.

“If you have to open up 50 percent reduced occupancy — we understand that from a public health perspective, but many businesses are not financially viable,” said Andrew Rigie, head of the New York City Hospitality Alliance, which represents restaurants and nightlife venues. “We do not know what consumer purchasing behavior is going to be like,” said Rigie. He estimates that at least a quarter of the city’s nightlife spots will shut down.

 

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You are setting the new agenda for the week obviously, so New York plans how to return to business so Nigeria must do same, yeah? John Momoh is a huge failure....I will be watching you guys on sunrisedailynow and CTVpolitics

this is going to be a huge risk!

God pls let our President Buhari declare stoppage to the lock down in Nigeria.

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