Goldman Sachs Inc, which has 2,900 summer interns, has told them to go home between the hours of midnight and 7 a.m. and have installed a 17 hour workday limit in a bid to improve working conditions.
According to Reuters, the move shows the efforts being made to curve the excessive working hours being carried out by young workers. The internships are often viewed as a way into lucrative financial investment careers.
The move to reduce hours comes after the death of an intern in 2013. After a Bank of America Corp intern's death in London, it fuelled fears around the working conditions of young financial interns. However, it was revealed soon after that the intern had died of natural causes.
This is the next step to curve the conditions from Goldman after they told junior bankers to take Saturdays off. They also formed a task force team around the same time to address quality of life issues.