Homebusiness Newscompanies News

Citigroup to fire unvaccinated employees from January 14

Citigroup to fire unvaccinated employees from January 14

Citigroup to fire unvaccinated employees from January 14
Profile image

By Reuters Jan 7, 2022 10:47:52 PM IST (Published)

The move comes as the financial industry, which has long-been keen to get back to business-as-usual, grapples with how to safely bring workers back to the office amid the spread of the highly infectious Omicron COVID variant.

Citigroup Inc will begin enforcing a previously-announced "no-jab, no job" policy as of January 14, according to a source familiar with the matter, making it the first major Wall Street institution to implement a strict COVID-19 vaccine mandate.

Recommended Articles

View All

The move comes as the financial industry, which has long-been keen to get back to business-as-usual, grapples with how to safely bring workers back to the office amid the spread of the highly infectious Omicron COVID variant.
While Citigroup is the first Wall Street bank to enforce a vaccine mandate, a handful of other major US companies have introduced "no-jab, no-job" policies, including Google and United Airlines, with varying degrees of stringency.
Citigroup said in October it would require US employees to be vaccinated against COVID-19 as a condition of their employment.
The bank said at the time it was complying with President Joe Biden's administration policy requiring all workers supporting government contracts to be fully vaccinated, as the government remains a "large and important" client of Citi, said Sara Wechter, head of human resources, in a LinkedIn post.

Also read: 

The bank will assess exemptions on religious or medical grounds, or any other accommodation by state or local law, on a case-to-case basis, the bank said at the time.
The source said the bank would begin enforcing that policy as of January 14, but did not provide further details.
The U.S. Supreme Court on Friday was hearing arguments over requests by Republican state officials and business groups to block that Biden vaccine mandate for employers with more than 100 workers.
Bloomberg first reported the Jan. 14 deadline on Friday. Citigroup will place workers who do not comply by then on unpaid leave, with their last day of employment at the end of the month, the news outlet reported.
More than 90% of Citigroup staff have so far complied with the mandate and that figure is rising rapidly, Bloomberg reported, citing a Citigroup spokeswoman.
Severalfinancial companies have pushed back their return-to-office plans, while others are encouraging staff to work from home, get vaccinated, and do regular testing.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Most Read

Market Movers

View All
Top GainersTop Losers
CurrencyCommodities
CompanyPriceChng%Chng