New Delhi: Citigroup Inc.
will begin to enforce the policy of “no-jab, no-jab” which was announced earlier on January 14, according to a source familiar with this problem, making it the first Wall Street institution to implement Covid-19 which is strictly mandate vaccine.
This step comes as a financial industry, which has long wanted to return to business – as usual, wrestling in a safe manner carrying workers back to the office in the midst of the spread of the very contagious Omicron Covid variant.
While Citigroup is the first Wall Street Bank to enforce a vaccine mandate, a handful of other US main companies has introduced the policy of “no-jab, no-job”, including Google and United Airlines, with various degreity levels.
Citigroup said in October it would require US employees to be vaccinated against Covid-19 as their work requirements.
The bank said at that time in accordance with President Joe Biden’s administration policy which requires all workers to support the government’s contract to be fully vaccinated, because the government remains a “big and important” client of Citi, said Sara Wechter, Head of Human Resources, at Pos LinkedIn.
The bank will assess the exception of religious or medical reasons, or other accommodations with state or local law, based on cases-to-cases, the bank said at that time.
The source said the bank would begin to enforce the policy on January 14, but did not provide further details.
The US Supreme Court on Friday is a hearing argument at the request by Republican state officials and business groups to block the mandate of the Biden vaccine for entrepreneurs with more than 100 workers.
Bloomberg first reported the January 14 deadline on Friday.
Citigroup will put workers who do not comply with no paid leave, with their last working day at the end of the month, news outlets report.
More than 90% of Citigroup staff have so far fulfilled the mandate and that number increased rapidly, Bloomberg reported, citing Citigroup spokesman.
Some financial companies have pushed back plans to return to their offices, while others encourage staff to work from home, get vaccinations, and do routine testing.