new York Most bankers in New York are currently working from home again, because the highly contagious Omikron variant still has the city under control. But more and more banks are now setting clear rules for a return. Jamie Dimon, CEO of America’s largest bank JP Morgan Chase, recently increased the pressure on his employees. “To get to the office you have to be vaccinated. And if you are not vaccinated, then you are not allowed in the office, “said Dimon earlier this week on the US stock exchange channel CNBC. “And we won’t pay you if you don’t work from the office.”
Like many other financial institutions, the bank has made it mandatory for employees and visitors to be vaccinated in nine New York offices. And the majority of employees, 97 percent, have already been vaccinated. Unlike in Germany, employers had the right from the start to ask about the vaccination status and to set their own rules for their offices.
Dimon, the longest-serving CEO of a Wall Street bank, is a great advocate of office culture and ordered his employees back into the office towers early on. Unlike the competition from Citigroup, however, retain a certain degree of flexibility. A vaccination is mandatory for the offices in New York, where the number of cases is again extremely high. However, the bank reserves the right to make flexible decisions for each location.
“In contrast to all the other regulations that we have had up to now, we deliberately do not want to be consistent here,” says Dimon. “There are different laws and requirements in different cities and states, so we’ll adapt locally.” In New York City, employees of private companies must be vaccinated or have regular tests.
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Citigroup is less flexible in this regard. All employees must be vaccinated at least twice by Friday, as the bank run by Jane Fraser announced last week. Otherwise, they will go on unpaid vacation on January 15 and will be discharged on January 31. This approach is called “No Jab, No Job” for short in New York.
More: While the Supreme Court is discussing compulsory vaccination for companies in the USA, corporations and cities are rushing forward. The US bank Citi wants to release the unvaccinated.