malaymail.com 03 May, 2021 12:30 am

Norwegian wealth fund rethinks working week in wake of pandemic

Norwegian wealth fund rethinks working week in wake of pandemic
OSLO, May 3 — Staff at Norway’s US$1.3 trillion (RM5.3 trillion) sovereign wealth fund will only be asked to come to work at the office on Tuesdays and Thursdays once the Covid-19 pandemic is over, its CEO said today. Norges Bank Investment Management, the central bank division that manages...

3 trillion) sovereign wealth fund will only be asked to come to work at the office on Tuesdays and Thursdays once the Covid-19 pandemic is over, its CEO said today.Norges Bank Investment Management, the central bank division that manages Norway’s wealth fund, would offer flexible working to its 520 employees in Oslo, London, Singapore, Shanghai, Tokyo and Luxembourg, Nicolai Tangen told a parliamentary hearing.The world’s largest sovereign wealth fund is among organisations both large and small rethinking ways of working for employees as they adapt to the health restrictions that have upended traditional patterns.I think it shows that you don’t trust people,” Tangen told Reuters.

Tangen also told the hearing that the fund would raise the bar on which companies will be included in its portfolio.“We will now be doing more screening in advance of small companies, before they are included in the portfolio,” he said.

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