JPMorgan Chase is reportedly asking thousands of its employees to work from home to test a coronavirus contingency plan codenamed 'Project Kennedy'
- JPMorgan Chase is asking 10% of its consumer bank staff to work from home as part of a test for the bank's coronavirus contingency plan, according to a report by Bloomberg.
- The plan, code-named "Project Kennedy" according to the report, is part of preparation for a scenario in which the bank closes its US offices because of a further coronavirus spread.
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JPMorgan Chase is requesting that thousands of its employees in the US work from home as a test-run for its coronavirus contingency plan, according to a report by Bloomberg's Michelle F Davis.
The bank has asked around 10% of its consumer banking staff to work remotely as it tests the plan, which was codenamed "Project Kennedy," according to the report.
The plan would prepare the bank for a possible shutdown of its US offices if the coronavirus spreads further.
JPMorgan did not immediately respond to a request for comment.
The bank's test comes amid news of numerous companies around the world restricting employee travel and temporarily closing offices as part of efforts to combat the rise in cases of COVID-19, the disease spread by the novel coronavirus.
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