JPMorgan bans business travel for unvaccinated U.S. employees
(Reuters) – JPMorgan Chase & Co (NYSE:) said on Monday it will restrict business travel for U.S. employees who are unvaccinated or have not disclosed their vaccination status to the bank, according to an internal memo seen by Reuters.
This bank mandated that such staff be tested at least twice per week and required them to pay a greater percentage of their wages towards health insurance to cover the testing expense.
Wall Street Bank asked its staff to receive their COVID-19 shots. However, they were not required vaccines. Wells Fargo (NYSE:) & Co.
JPMorgan Chase will require employees who participate in in-person client events to show proof of their vaccinations, as per the memo. This is effective immediately.
According to the bank, new members in roles that deal with clients or require them to travel to work will need to be vaccinated.
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