Citigroup Inc will become the first Wall Street bank to enforce a strict COVID vaccine mandate on its employees who are not yet vaccinated. It may lead to their termination due to non-compliance by the end of this month.
The bank reminded employees in a memo about its policy, first disclosed in October, that they must be “fully vaccinated as a condition of employment.” At the time, the bank said that employees had to submit proof of vaccination by January 14.
Those who haven’t complied by next week will be put on unpaid leave, with their last day of employment being January 31, according to the memo, which was first reported by Bloomberg.
Meanwhile, the COVID’s Omicron variant has forced many companies to suspend back-to-work plans yet again, making it the latest disruption caused by the pandemic.