JP Morgan Chase also ordered all US employees to disclose their vaccine status by the end of June.
America’s largest bank has sent a memo to all US staff “strongly urging” them to get a Covid vaccine before a planned return to the office in July – and dangled the possibility of mandatory vaccination.
“We strongly urge all of our employees to be vaccinated because we think it protects you, your friends and family, your fellow employees, and the community at large,” the bank said in the memo, signed by its entire operating committee led by CEO Jamie Dimon.
“In the future, we may mandate that all employees receive a Covid-19 vaccination consistent with legal requirements and medical or religious accommodations,” the memo continued.
JP Morgan’s policy is the latest in a string of even more hardline approaches to the office return amongst its Wall Street rivals.
On Wednesday, its smaller rival Morgan Stanley said that staff and clients who are not fully vaccinated against Covid-19 will be barred from entering its New York offices.
Morgan Stanley chief executive James Gorman has taken a hard line on home working, saying earlier this month: “If you can go into a restaurant in New York City, you can come into the office.”
JP Morgan’s memo also told staff that all US employees will move to a regular office schedule from July 6, at their assigned office location.
It was pretty clear on reporting vaccine status, too: “We need all U.S. employees — it is now mandatory — to log into and enter responses in the JPMC COVID-19 Vaccine Record Tool by June 30,” the memo said.
“If you don’t, your manager will follow-up with you individually until a response is received.”