Citi says “no jab, no job” as Omicron upends plans – International Financing Review

  • Date: 08-Jan-2022
  • Source: IFR
  • Sector:Economy
  • Country:Middle East
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Citi says “no jab, no job” as Omicron upends plans – International Financing Review

Citigroup will soon start enforcing a "no jab, no job" policy, the first major bank to do so – just as banks scaled back return to office plans due to the new and surging Covid-19 variant Omicron.

In a memo to staff, the New York-based bank warned that employees who remained unvaccinated risked being placed on unpaid leave after January 14 and could be terminated by the end of the month.

The bank is relying on federal policy enacted by the Biden Administration requiring companies with more than 100 employees to require staff to be vaccinated. The US Supreme Court is set to hear arguments on the administration’s authority to impose a vaccine mandate this week.