JPMorgan Chase, the largest bank in the United States, has urged its American employees to get vaccinated before they plan to return to the office next month and open the door to mandatory vaccination.
In a memo sent to employees on Wednesday, these comments are the latest efforts by Wall Street Bank to complete the complex task of getting employees back to the office safely after more than a year of remote work during the pandemic.
Banks such as JP Morgan Chase and Goldman Sachs are among the banks that strongly support returning to the office, but have encountered resistance from some employees who are hesitant about the Covid-19 vaccine or who are unwilling to disclose their vaccination status.
“We strongly urge all our employees to get vaccinated because we think it can protect you, your friends and family, your colleagues, and the entire community,” said the JPMorgan Chase Operations Committee, led by Chairman and CEO Jamie Dimon . In the memo, the Financial Times saw a copy, which was first reported by CNBC.
The memo reads: “In the future, we may require all employees to be vaccinated against Covid-19 that meets legal requirements and medical or religious accommodation conditions.”
JPMorgan Chase told employees that starting July 6, all US employees will resume normal work. The company has 250,000 employees worldwide.
The management said in the memo: “In many cases, this may be five days a week, while for others, due to the occupancy limit, this means that you will work in the office for at least 50% of the working day.”
“We know that some teams are experimenting with a hybrid approach that varies from job to job, such as working in the office for three days or rotating 50%, but we hope that each of you will come back regularly so that we can test the effectiveness of these models as soon as possible.”
The bank said it now requires employees to disclose whether they have been vaccinated, while allowing employees to refuse to share information.
Vaccinated employees no longer need to wear masks or maintain social distancing in the office, which is consistent with a similar move by Goldman Sachs earlier this month.However, Goldman Sachs requires employees to Disclose their vaccination status.
JPMorgan Chase encourages bankers who choose not to share their vaccination status to be tested for coronavirus every week.
JPMorgan Chase’s comments followed Morgan Stanley adopted a policy Employees and customers who have not been vaccinated against Covid will be barred from entering the bank’s New York office.