Citigroup has been pursuing a ‘no sting, no job’ policy since 14 January: Report

Citigroup Inc. told its staff on Friday that it would lay off employees who had not been vaccinated since January 14, pursuing a policy announced earlier last year, according to a source familiar with the matter.

The bank is the first large institution on Wall Street to start implementing a “no sting, no job” policy as the financial industry struggles to safely bring workers back into the office amid the spread of the highly contagious variant of Omicron COVID.

Citigroup announced in October that it would require vaccinating U.S. employees against COVID-19 as a condition of their employment.

The bank then said it was in line with the Biden administration’s policy of requiring all workers who support government contracts to be fully vaccinated, as the government remains a “big and important” client of Citi, said Sara Wechter, head of human resources, in a LinkedIn post.

Bloomberg announced the bank’s deadline of January 14 for the first time on Friday.

However, the bank then said it would assess exemptions on religious or medical grounds, or any other accommodation under state or local law, on a case-by-case basis.

Several financial companies have postponed their plans to return to the office, while others are encouraging staff to work from home, get vaccinated and get tested regularly.

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