In this file:
· No Jab, No Job: Citigroup to Fire Unvaccinated Staff This Month
· Citi Shows Leadership by Enforcing Vaccine Mandate
No Jab, No Job: Citigroup to Fire Unvaccinated Staff This Month
By David Henry and Noor Zainab Hussain, Reuters
via U.S. News & World Report - Jan. 7, 2022
(Reuters) -Citigroup Inc 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, a source familiar with the matter said on Friday.
The U.S. 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...
DIVISIVE ISSUE ...
UNPAID LEAVE ...
Citi Shows Leadership by Enforcing Vaccine Mandate
Doing the right thing in business means protecting workers and customers — and helping end the pandemic.
By Timothy L. O'Brien, Opinion, Bloomberg
January 7, 2022
Last October, Citigroup Inc. told about 70,000 of its employees to get Covid-19 vaccinations or lose their jobs. Today, the banking giant made good on that promise, telling its staff that any who remain unvaccinated by Jan. 14 will be placed on unpaid leave and then lose their jobs at month’s end.
“As it has become crystal clear that COVID-19 will not be going away any time soon, our leadership at Citi has thought long and hard about how we navigate the latest stages of the pandemic,” Sara Wechter, Citi’s human resources director noted in an October memo, citing two reasons for the bank’s decision. “First, as the U.S. government is a large and important client of Citi, we have an obligation to comply with the Executive Order issued by the White House mandating that individuals supporting government contracts be fully vaccinated — an order that would impact the vast majority of our U.S. colleagues. Second, having a vaccinated workforce enables us to ensure the health and safety of our colleagues as we return to the office in the U.S.”
All of this is sensible, responsible and a measure of good leadership from Citi’s chief executive officer, Jane Fraser. Such leadership has been in short supply in corporate America — not only in financial services but in other industries as well. (United Airlines Holdings Inc.’s CEO, Scott Kirby, has provided exemplary leadership on vaccines and also stands apart from other airline executives who have fumbled this.)
Citi is showing the door to vaccination holdouts on the same day that the U.S. Supreme Court is hearing arguments challenging the Biden administration’s push to require testing and vaccination in workplaces of 100 or more people...