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

Historic deal positions FIA World Endurance Championship for record decade of growth as the sport enters its golden age

FIA President Mohammed Ben Sulayem hails new agreement as a vital step forward for racing…

1 day ago

Alpaca and Indonesia Stock Exchange Move to Connect Indonesian Investors With Global Markets

Indonesia’s rapidly expanding investor community is creating a new opportunity for financial technology companies: connecting…

3 days ago

Roseman Bioventures Strengthens Nevada’s Life Sciences Ambitions With New Leadership

Nevada’s emergence as a life sciences destination is gaining momentum, and Roseman Bioventures is positioning…

4 days ago

Hyperion and CADDi Target a Hidden Manufacturing Bottleneck: The Cost of Slow Quotations

Hyperion Materials & Technologies is working with CADDi to centralise engineering data and accelerate quotation…

5 days ago

Starting a Business in Ontario? Understanding the Financial Steps to Get You Started

Launching a business in Ontario is an exciting but strategic endeavour that begins with a…

5 days ago

Sonos Expands Its Connected Audio Ecosystem With Beam Ultra and Ace Ultra

The next stage of premium consumer electronics is increasingly about ecosystems rather than individual devices.…

6 days ago