Followers | 679 |
Posts | 141062 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Friday, January 07, 2022 12:25:00 PM
By: Reuters | January 7, 2022
• Citigroup Inc on Friday told its staff that it would terminate employees who are unvaccinated as of Jan. 14, according to a source familiar with the matter.
Citigroup Inc will begin enforcing a previously-announced “no-jab, no job” policy as of Jan. 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.
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 U.S. 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 U.S. employees to be vaccinated against COVID-19 as a condition of their employment.
The bank said at the time it was complying with the President Joe Biden 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.
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 Jan. 14, but did not provide further details.
The U.S. Supreme Court on Friday was hearing https://www.reuters.com/world/us/us-supreme-court-considers-whether-halt-biden-vaccine-mandates-2022-01-07 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.
Several financial companies have pushed back their return-to-office plans, while others are encouraging staff to work from home, get vaccinated, and do regular testing.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent C News
- Citigroup Announces $2.0 Billion Redemption of 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025 • Business Wire • 04/26/2024 08:15:00 PM
- Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News • IH Market News • 04/26/2024 11:48:07 AM
- Citigroup Announces C$56.782 Million Redemption of 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 • Business Wire • 04/24/2024 01:00:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- CitiGroup Announces Full Redemption of Series D Preferred Stock • Business Wire • 04/15/2024 08:15:00 PM
- Upbeat Earnings, Retail Sales Data May Generate Buying Interest • IH Market News • 04/15/2024 01:10:16 PM
- U.S. Index Futures Surge after Dow Jones’ Worst Week, Oil Prices Dip • IH Market News • 04/15/2024 11:08:21 AM
- U.S. Stocks Pulling Back Sharply As JPMorgan Chase Disappoints • IH Market News • 04/12/2024 08:21:52 PM
- U.S. Stocks May Move Back To The Downside In Early Trading • IH Market News • 04/12/2024 01:10:09 PM
- Citigroup Reports First Quarter 2024 Results • Business Wire • 04/12/2024 12:00:00 PM
- U.S. Index Futures Indecisive Ahead of Banking Earnings, Oil Prices Surge • IH Market News • 04/12/2024 11:07:01 AM
- Nasdaq Surges To New Record Closing High But Dow Closes Little Changed • IH Market News • 04/11/2024 08:25:37 PM
- Citigroup Announces $2.75 Billion Redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025 • Business Wire • 04/09/2024 08:15:00 PM
- U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline • IH Market News • 04/08/2024 11:19:03 AM
- Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates • IH Market News • 04/05/2024 11:38:57 AM
- Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends • Business Wire • 04/03/2024 08:28:00 PM
- Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More • IH Market News • 04/03/2024 11:12:20 AM
- GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News • IH Market News • 03/27/2024 10:54:47 AM
- Citigroup Global Markets Holdings Inc. – Issue of EUR 375,000,000 Cash Settled Exchangeable Bonds due April 2029 Referable to the Shares of LVMH Moet Hennessy Louis Vuitton • Business Wire • 03/27/2024 07:45:00 AM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates • IH Market News • 03/21/2024 11:17:26 AM
- Crypto: Bitcoin Plummets, Grayscale Promises Lower Fees, and Latest News • IH Market News • 03/19/2024 05:16:16 PM
- Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News • IH Market News • 03/15/2024 11:30:55 AM
- Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News • IH Market News • 03/13/2024 11:02:03 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM