“If you don’t get vaccinated, you’ll be fired at the end of this month”… Financial conglomerates taking strong measures

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Citigroup is the first major Wall Street financial company to fire an employee who refused to be vaccinated once morest the new coronavirus.

According to Bloomberg News on the 7th (local time), Citigroup notified the company that it would terminate the employment contract with these employees at the end of this month by disposing of unpaid leave of employees who do not comply with the mandatory vaccination order by the 14th.

Citigroup announced in October last year that mandatory measures would be implemented, saying that completing vaccination is a condition of employment.

Citigroup CEO Jane Fraser said the company’s move was in compliance with the Joe Biden administration’s vaccine executive order.

He also emphasized that the mandatory vaccination measures will help the health and safety of employees returning to the office.

This measure only applies to offices in the United States. As of the end of last year, Citigroup had 220,000 employees worldwide.

Citigroup said more than 90% of its employees had been vaccinated, and predicted that the number of vaccinated people will increase ahead of the deadline.

Citigroup is the third-largest bank in the United States in terms of assets, and CNBC evaluated it as a financial company adopting the strongest vaccine policy on Wall Street.

Meanwhile, JP Morgan Chase and Goldman Sachs are recommending vaccination, but they are not taking compulsory measures like Citigroup.

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