U.S. banks are threatening to lay off non-vaccinated employees

Like many financial institutions, the bank has made it mandatory for employees and visitors to be vaccinated at nine New York offices. And most employees, 97 percent, have already been vaccinated. Unlike in Germany, employers had the right from the beginning to ask about vaccine status and set their own rules for their offices.

Timon, the longest-serving CEO of Wall Street Bank, is an outstanding advocate of office culture. Unlike competition from Citigroup However retain a certain flexibility. Vaccination is mandatory for offices in New York, where the number of cases is again very high. However, the bank has the right to make flexible decisions for each location.

“Contrary to all the other rules we have so far, we deliberately don’t want to be consistent here,” Timon says. “Different cities and states have different laws and requirements, so we will adapt locally.” In New York City, employees of private companies must be vaccinated or regularly tested themselves.

Citigroup is less flexible in this regard. The bank, run by Jane Fraser, announced last week that all employees should be vaccinated at least twice by Friday. Otherwise, they will go on unpaid leave on January 15 and be discharged on January 31. This approach is called “No Job, No Job” for short in New York.

Further: Corporations and cities are making progress while the Supreme Court is debating compulsory vaccination for companies in the United States. US Bank wants to release those who have not been vaccinated against Citi.