Citigroup has announced it will sack any of its staff that fails to be vaccinated against Covid-19 by the end of January. According to a company memo seen by Reuters, members of its staff that remains unvaccinated by January 14 will be placed on unpaid leave after which they will be fired at the end of the month except, they are granted an exemption.
Many financial companies have postponed their resumption dates while encouraging their members of staff to get vaccinated and boosted. However, Citigroup is the first of them to make vaccination compulsory for employment.
Reports also have it that over 90% of Citigroup employees have complied with the order so far and that figure is fast rising.
The bank through the memo said, “You are welcome to apply for other roles at Citi in the future as long as you are compliant with Citi’s vaccination policy. If you are not vaccinated, we urge you to get vaccinated as soon as possible.”
Rival banks like Goldman Sachs, Morgan Stanley, and JPMorgan Chase have advised their unvaccinated workers to work home but none has resorted to termination of appointments.
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