Citigroup Bank First Major Financial Institution to Start Firing Unvaccinated Employees

Photo by Mikel Parera on Unsplash

Citigroup announced last week they are set to start firing employees who do not comply with the company’s COVID-19 vaccine requirement.

On Friday, the bank issued a memo to workers informing them that they must prove their vaccine status by the end of this week, The New York Post reported.

The deadline for employees to get fully vaccinated was set in October, although they did not indicate that employees who refused would be fired at that time.

As Citigroup services the federal government, its employees are subject to the Biden administration’s vaccine requirement for workers at institutions that fulfill federal contracts.

Currently, the Biden administration’s directive by the Department of Labor’s Occupational Safety and Health Administration (OSHA) to private businesses with 100 or more employees is being argued before the U.S. Supreme Court.

Last week’s memo warned that those who do not comply will be placed on unpaid leave and ultimately terminated on Jan. 31.

The bank has said in the past they would consider issuing exemptions on a case-by-case basis, and employees who do not comply might still be eligible for year-end bonuses — if they agree not to pursue legal action against the financial group over the vaccine requirement.

The Post noted that other banks have taken a softer approach to vaccines. While JPMorgan told employees it would no longer hire unvaccinated workers, unvaccinated workers have been allowed to work at home while a solution is reached.

Morgan Stanley and Goldman Sachs have also been requesting that unvaccinated employees work from home.

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