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Goldman Sachs to mandate COVID vaccine for staff, visitors at U.S. offices -memo

Stock MarketsAug 24, 2021 08:20PM ET
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2/2 © Reuters. The Goldman Sachs headquarters is seen in the Manhattan borough of New York, U.S., January 13, 2021. REUTERS/Shannon Stapleton 2/2

By Elizabeth Dilts Marshall

(Reuters) -Goldman Sachs Group Inc told employees that from Tuesday anyone entering its offices in the United States must be fully vaccinated against COVID-19, according to an internal memo seen by Reuters.

The bank will also require that masks be worn in offices regardless of vaccination status from Wednesday, while fully vaccinated employees will receive weekly COVID-19 tests starting on Sept. 7, the memo said.

A Goldman Sachs (NYSE:GS) spokesperson confirmed the contents of the memo.

The announcement comes a day after the U.S. Food and Drug Administration granted full approval to the Pfizer (NYSE:PFE) Inc/BioNTech SE COVID-19 vaccine, a certification that public health officials hope will convince unvaccinated Americans that the shot is safe and effective.

In June, Goldman was one of the earliest Wall Street banks to require that most employees return to offices, and the vaccine mandate is part of the effort to continue working at offices safely amid a resurgence in COVID cases.

Goldman's new policy is in line with rival banks Morgan Stanley (NYSE:MS) and Citigroup Inc (NYSE:C), which also require vaccines at their U.S. headquarters.

Three of the four largest U.S. banks - JPMorgan Chase & Co (NYSE:JPM), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) & Co - do not require vaccines for individuals at their offices.

Bank of America has asked that only vaccinated employees come into its offices when it begins formally welcoming people back in September.

COVID-19 infections are increasing in the United States at an average of about 150,000 cases a day, and are currently at 60% of the peak level of new daily infections reported in January, according to Reuters tracking data.

Goldman Sachs to mandate COVID vaccine for staff, visitors at U.S. offices -memo
 

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Comments (4)
Eudon Hickey
Eudon Hickey Aug 24, 2021 9:47PM ET
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It is a sad day when companies force employees to take unapproved vaccines
Roger Miller
Roger Miller Aug 24, 2021 9:06PM ET
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Good to see they’re paying attention to Biden’s sermons.
Aux Gold
Aux Gold Aug 24, 2021 8:56PM ET
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Everyone should quit.
Whaling Trawler
Whaling Trawler Aug 24, 2021 5:13PM ET
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I feel sorry for the people living in Mega-City One.
 
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