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County Durham's Atom Bank committed to four-day week after early success

The digital only challenger bank said it has seen job applications rocket since announcing the changes in November

Atom bank CEO Mark Mullen(Image: Jane Beadnell Photography)

The boss of Atom Bank said he is "utterly committed" to the group's new four-day working week after the move sparked a 500% surge in job applications and boosted staff morale.

Mark Mullen, chief executive of the Aykley Heads based digital-only challenger bank, said that while it was "too early to declare victory", results of the trial so far have been encouraging.

Atom became the largest º£½ÇÊÓÆµ company to make the move to a four-day working week when it launched the new week on November 1, with the majority of its employees choosing to adopt the working pattern.

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Under the changes, all employees can work 34 hours over four days instead of the usual 37.5 hours over five days - with no pay cut.

The º£½ÇÊÓÆµ's first app-based bank saw the jump in people applying for job vacancies one week after the November launch.

A survey of Atom's staff also showed they are feeling less stressed, with 86% now looking forward to going to work each day, up from 77%.

Mr Mullen said that while the firm is only two months into the new regime, there are "really good reasons to be optimistic and cheerful".