Categories: BankingEconomy

Citigroup to require vaccines for staffers returning to main U.S. offices

Aug 10 (Reuters) – Citigroup Inc (C.N) will require U.S. employees returning to its New York headquarters and offices in some cities to be vaccinated against COVID-19, the bank’s head of human resources, Sara Wechter, said in a LinkedIn post on Tuesday.

The bank expects these employees to start returning to the office for at least two days a week starting Sept. 13, the post said.

The bank’s decision would also affect employees in the Chicago, Boston, Philadelphia and D.C. offices. The bank will also be providing rapid test kits for its employees.

These employees will be required to wear masks given fears around the highly transmissible Delta variant of the coronavirus.

For employees at other branches, Citigroup would “strongly encourage”, but not mandate vaccination.

Wall Street remains divided over postponing back-to-office plans due to the Delta variant. Some major firms including Wells Fargo & Co (WFC.N) and BlackRock Inc (BLK.N) have delayed their return plans, while others including Bank of America Corp (BAC.N) and Morgan Stanley (MS.N) have stuck to the previous guidance. read moreReporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/business/citigroup-require-vaccines-staffers-returning-main-us-offices-2021-08-10/

World Economic Magazine

Recent Posts

Judge Blocks New York Labor Law in Major Win for Amazon’s Workplace Policy Battle

Amazon secured a key early win as a federal judge blocked New York from enforcing…

43 minutes ago

Enthuse Foundation Announced Finalists for 7th Annual Women Founders Pitch Competition

The Enthuse Foundation has revealed the finalists for its 7th Annual Women Founders Pitch Competition,…

52 minutes ago

2nd Edition Model Risk Management, Canada

The Marcus Evans 2nd Edition Model Risk Management, Canada conference taking place in Toronto, Canada…

1 day ago

‘Grow With China’ Event Highlights Shanghai’s Expanding Role in Global Economic Growth

Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global…

1 day ago

U.S. Consumers Plan to Spend Nearly $80 Billion During Black Friday

U.S. shoppers are set to spend nearly $80 billion this Black Friday and Cyber Monday,…

3 days ago

Waiken’s $450 Million Bet on Latin America: A Strategic Push into Connectivity and Content

Waiken has unveiled a US$450 million investment plan through 2031 to strengthen its entertainment and…

3 days ago