Citigroup Holds On To Its Covid-19 Vaccine Mandate As GE Drops Its Rules - Market News
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Citigroup Holds On To Its Covid-19 Vaccine Mandate As GE Drops Its Rules

Citigroup Holds On To Its Covid-19 Vaccine Mandate As GE Drops Its Rules

Citigroep Inc.

C -1.25%

stays with his Covid-19 vaccine mandate for its American employees.

General Electric Co.

GE 0.68%

is not.

The two US companies then head in opposite directions the Supreme Court blocked On Thursday, the Biden administration ordered major employers to require their employees to receive vaccines or undergo tests.

Citigroup, which has about 65,000 employees in the US, said it had achieved 99% compliance a day before the January 14 deadline the bank set for US employees to be vaccinated or request housing for medical or religious reasons. .

“Our goal has always been to keep everyone at Citi, and we sincerely hope that all our colleagues take action to meet this,” said Sara Wechter, the company’s chief human resources officer, in a LinkedIn message Thursday following the decision of the company. the Supreme Court.

The bank previously told employees anyone who had not yet been vaccinated would be placed on unpaid leave, according to acquaintances. Their employment would end on January 31, the people said. As of late Friday, the vaccinations were still coming in, and Citi executives expected about 200 employees to be put on furlough, one of the people said.

General Electric has suspended remaining requirements for the vaccine against Covid-19.


Photo:

alwyn scott/Reuters

Citigroup and GE announced vaccine requirements for US personnel in October after the Biden administration said major employers and government contractors should enforce vaccination mandates. Both companies consider the US government an important customer.

At the beginning of 2021, GE had approximately 56,000 employees in the US. Originally, it told them to get vaccinated or seek religious or medical accommodation in early December. It suspended that policy in December after a lawsuit temporarily blocked the rule from federal contractors.

The manufacturer continued to demand that U.S. employees show proof of vaccination or undergo tests under the White House mandate for companies with more than 100 employees, until the Supreme Court blocked that policy on Thursday.

GE suspended remaining Covid-19 vaccine requirements on Friday, a spokeswoman said. The company said most U.S. employees have been vaccinated and it was on track to comply with the federal contractor’s executive order for the court order.

write to Thomas Gryta on [email protected] and David Benoit at [email protected]

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