The company will terminate employees who haven't received full COVID 19 vaccine by January 14, a spokeswoman told FOX Business.
On October 28th, Citi announced that it plans to require vaccination for employees in a post on LinkedIn.
Head of Human Resources Sara Wechter wrote that we have made the decision to require U.S. colleagues to be fully vaccineed as a condition of employment. We will assess requests for religious, medical or any other accommodation required by state or local law on a case by case basis. She said that our people are our most important asset, and we will do everything we can to help our colleagues comply with this new requirement.
There was no deadline for a Jan. 14 deadline, but reports stated that it was not a deadline at the time.
The deadline was reported on Friday by Bloomberg, and Director of Function Communications Kerry Snow confirmed the date.
In October, the bank decided to follow the Biden administration policy by requiring all workers supporting government contracts to be fully vaccinated.
The policy will apply to any Citigroup employee. The employees will work remotely for part of 2022, but they should return to work in person in February.
According to Bloomberg, Citigroup is the first major Wall Street bank to impose a restriction on its employees. More than 90% of the company's staff have been complied with the rule, with that number expected to increase over the next week leading up to the deadline.
After they are vaccinated, employees who leave the current position can return for future roles.