JPMorgan bans enterprise journey for unvaccinated U.S. staff – memo

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Oct 4 (Reuters) – JPMorgan Chase & Co (JPM.N) mentioned on Monday it’s going to prohibit enterprise journey for U.S. staff who’re unvaccinated or haven’t disclosed their vaccination standing to the financial institution, based on an inner memo seen by Reuters.

The financial institution has additionally mandated such staffers to be examined twice every week, and mentioned they would wish to contribute a better minimize of their pay in the direction of medical insurance coverage, to account for testing bills.

The Wall Street financial institution has urged its staff to get their COVID-19 photographs, however not mandated vaccines, consistent with friends akin to Bank of America Corp (BAC.N) and Wells Fargo & Co (WFC.N).

JPMorgan Chase can even require proof of vaccination from staff taking part in shopper occasions in-person, efficient instantly, based on the memo.

The financial institution additionally mentioned new joiners in client-facing roles or these required to journey for enterprise should get vaccinated.

Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015.  REUTERS/Mike Segar/File Photo/File Photo