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JPMorgan bans business travel for unvaccinated U.S. employees – memo

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A view of the outside of the JP Morgan Chase & Co. company headquarters in New York Metropolis Could 20, 2015. REUTERS/Mike Segar/File Photograph/File Photograph

Oct 4 (Reuters) – JPMorgan Chase & Co mentioned on Monday it’ll limit enterprise journey for U.S. workers 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 want to contribute the next lower of their pay in direction of medical insurance coverage, to account for testing bills.

The Wall Avenue financial institution has urged its workers to get their COVID-19 photographs, however not mandated vaccines, in keeping with friends akin to Financial institution of America Corp and Wells Fargo & Co .

JPMorgan Chase can even require proof of vaccination from workers collaborating in consumer 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; Modifying by Shinjini Ganguli

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