No jab, no job: Citigroup to fire unvaccinated US staff this month

Langfang2周前Technology85
No jab, no job: Citigroup to fire unvaccinated US staff this month

Citigroup staff in the United States who have not been vaccinated against COVID-19 by Jan 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, according to a company memo seen by Reuters on Friday (Jan 7).

The US bank announced its plan to impose new vaccination rules in October and now becomes the first major Wall Street institution to follow through with a strict vaccine mandate.

Its move comes as the financial industry grapples with how to bring workers back to offices safely and get back to business as usual at a time when the highly infectious Omicron coronavirus variant is spreading like wildfire.

Other major Wall Street banks, including Goldman Sachs & Co, Morgan Stanley and JPMorgan Chase & Co, have told some unvaccinated employees to work from home, but none has yet gone as far as sacking staff.

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.

Google says employees flouting vaccination rules will eventually be fired: Report New York City expands COVID-19 vaccine mandates for children, private sector

More than 90 per cent of Citigroup employees have complied with the mandate so far and that figure is rising rapidly, according to a source familiar with the matter, adding that the timing of the vaccination mandate would be different for branch staff.

When it announced its policy, Citigroup also said it would assess exemptions on religious or medical grounds, or any other accommodation by state or local law, on a case-by-case basis.

The bank said then it was complying with the policy of US President Joe Biden's administration requiring all workers supporting government contracts to be fully vaccinated, as the government was a "large and important" client.

"You are welcome to apply for other roles at Citi in the future as long as you are compliant with Citi’s vaccination policy," the bank said in the memo. "If you are not vaccinated, we urge you to get vaccinated as soon as possible."

DIVISIVE ISSUE

Vaccination has become a divisive issue in the United States, as it has in many countries around the world, with some people fiercely opposed and many Republicans critical of mandates imposed by governments and businesses.

The US Supreme Court was hearing arguments on Friday over requests by Republican state officials and business groups to block a Biden mandate for firms with more than 100 workers that requires employees be vaccinated or tested weekly.

Columbia Business School professor Adam Galinsky, who advises companies on their return-to-office strategies, said many companies initially welcomed the White House's vaccine mandate because it took the matter out of their hands.

"However, companies are recognising that the Biden mandate may not hold up at the conservative Supreme Court," he said. "If it doesn't hold then they are going to have the decision put back in their hands and they will have to do something."

Many financial firms have pushed back their return-to-office plans and are encouraging staff to get vaccinated and boosted, but have so far avoided vaccine mandates for legal reasons.

"This is going to be a challenging and complex policy to implement," said Chase Hattaway, a partner at law firm RumbergerKirk, noting the bank has to navigate federal anti-discrimination and other state laws.

"Citi will have to tailor its policy to state legislation, and in many cases, cities and municipalities will have different regulations as well, that may require even further carve-outs," Hattaway said.

UNPAID LEAVE

Jacqueline Voronov, partner at law firm Hall Booth Smith, said, however, that courts have been upholding the right of private employers to mandate vaccines.

"A private employer is allowed to mandate its own policy. And if Citi wants to have a mandatory vaccination policy, they can do that," she said, provided the bank offers medical exemptions.

An increasing number of US companies have been using vaccine requirements to protect employees and avoid operations being disrupted by mass staff absences.

United Airlines CEO Scott Kirby said last month the carrier fired 200 of its 67,000 employees for failure to comply with its mandate.

Many hospitals have fired staff for failing to comply with mandates, which have been imposed on the healthcare industry in more than 20 states.

While some companies such as Tyson Foods Inc have gotten more than 96 per cent of its employees to take a vaccine, those in construction and retail have resisted vaccine mandates over fears of staff resistance amid a very tight labour market.

BOOKMARK THIS: Our comprehensive coverage of the COVID-19 pandemic and its developments

相关文章

Chinese-owned Syngenta appeals Italys veto of seed producer deal - sources

Chinese-owned Syngenta appeals Italys veto of seed producer deal - sources

ROME : Chinese-owned agrochemicals giant Syngenta has appealed to an administrative court after...

Commentary: Netflixs Dont Look Up sounds warning bells over climate change denial

Commentary: Netflixs Dont Look Up sounds warning bells over climate change denial

Gale Sinatra Barbara K Hofer Gale Sinatra & Barbara K Hofer 08 Jan 2022 06...

Prosus CEO buys around US$10 million of companys shares on open market - statement

Prosus CEO buys around US$10 million of companys shares on open market - statement

AMSTERDAM : The chief executive of Prosus NV, Bob van Dijk, has purchased about US$10 million of...

Vietnam 2021 exports up 19per cent, industrial output up 4.8per cent

Vietnam 2021 exports up 19per cent, industrial output up 4.8per cent

HANOI : Vietnam's exports in 2021 are expected to show a 19.0per cent rise to US$336.25 billion,...

Apples Tim Cook earned over 1,400 times the average worker in 2021

Apples Tim Cook earned over 1,400 times the average worker in 2021

Apple boss Tim Cook's pay in 2021 was 1,447 times that of the average employee at the tech giant, a...

China plans new participants, derivatives in carbon trading market: Shanghai Sec News

China plans new participants, derivatives in carbon trading market: Shanghai Sec News

SHANGHAI : China plans to add new participants to its national emissions trading scheme (ETS) an...