Business Maverick

International Finance

Citi Says 99% of U.S. Staffers Complied With Vaccine Mandate

A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Citigroup Inc. was the first major Wall Street bank to impose a strict Covid-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.
By Bloomberg
14 Jan 2022 0

Citigroup Inc. said 99% of its U.S. employees have complied with its vaccine mandate, one of the strictest on Wall Street. 

The firm expects more employees will comply with the order before the deadline on Friday, Sara Wechter, head of human resources, said Thursday in a LinkedIn post. As part of the mandate, staffers were able to receive exemptions.

“A huge thank you to everyone at Citi who took action to meet this requirement: those who were already vaccinated, those who made the decision to get vaccinated, and those who requested and received approved religious and medical accommodations or state-permitted exemptions,” Wechter said.

Citigroup in October became the first major Wall Street bank to make getting the Covid-19 vaccine a condition of employment for U.S. workers as part of efforts to comply with an executive order from President Joe Biden for companies with federal contracts. Citigroup has said it counts the U.S. government as a large and important client.

Read more: Citi Confronts Vaccine Holdouts in No Jab, No Job Mandate

While that portion of Biden’s order is still being challenged in court, the U.S. Supreme Court on Thursday blocked the centerpiece of the White House’s push to get more people vaccinated when it rejected an Occupational Safety and Health Administration rule that would have required 80 million workers to get shots or periodic tests.

Citigroup last week warned employees if they didn’t comply with the order by Friday they would be placed on unpaid leave and their last day of employment with the lender would come at the end of the month.

“Going into the last day, we expect the number of employees who have not complied will decrease even further,” Wechter said Thursday. “Our goal has always been to keep everyone at Citi, and we sincerely hope all of our colleagues take action to comply.”

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet