Private Equity: Carlyle Group Orders Quarantine Requirement
Private Equity Giant Navigates Pandemic.
Private equity firm Carlyle Group ordered all employees who have used public transportation such as trains and buses to a 14 day quarantine. The fund manager expects all of its employees at all offices to avoid public transportation. If they happen to use public transportation at all, they must work remotely for 14 days.
As an alternative, Carlyle Group expects its employees to bike or drive to the office. Currently, returning to the office is entirely optional for employees. The firm is making an effort to avoid an employee outbreak. According to the firm. “Our global policy, which includes encouraging workers not to use public transportation, is designed to protect the health and well-being of every colleague…As the situation continues to evolve, we are asking everyone to take an approach that works for their personal situation.”
Carlyle Group is not alone in implementing these policies. Additionally, many businesses and corporations around the world have allowed their employees the option to either stay home or go to the office in person. For instance, Schroders allowed all of its staff to work from home indefinitely. PwC, on the other hand, expects more of a split between in person and remote working in the long run.
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