TD Bank Group announced there will be no job losses in 2020 as a result of COVID-19.

“It is only natural that the speed and scale of the impacts across society have employees feeling uncertain, even worried,” said, Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. “I want to remove one uncertainty for TD Employees and their families. There will be no job losses in 2020 as a result of COVID-19. Where appropriate, we will also find new ways to help transition and evolve roles to help employees remain productive as our customers' needs change and evolve.”

“Throughout this challenging time, our teams in the U.S. have adapted quickly, worked hard and delivered unwavering support for our customers and each other,” said, Greg Braca, President and CEO of TD Bank. “We are working through this together—it's what great companies do, and I've never been prouder to wear the TD shield.”

The action follows the company's decision last week to introduce a special award of up to $1,000 along with two additional paid vacation days on top of the 10 days for all colleagues previously announced. This benefit is available to part-time and full-time Colleagues who don’t currently have the option to work from home.