Bank of America recalls vaccinated workers to office after Labor Day – Commercial Observer

Bank of America wants all of its vaccinated employees to return to the office after Labor Day in September, joining a wave of competitors who have started doing the same after more than a year of working mostly remotely.

CEO Brian Moynihan told Bloomberg Television on Thursday that he expects more than 70,000 Bank of America employees who have voluntarily disclosed their immunization status to return to his offices and then work on a plan for the return of unvaccinated staff.

“At the moment, we are reviewing who has been vaccinated,” Moynihan told Bloomberg Television. “We are focusing on getting them back to work because it allows people to move around under the [Centers for Disease Control and Prevention] directives without masks and things like that.

Bank of America has more than 210,000 employees worldwide and employs nearly half of A Bryant Park in Midtown, also known as Bank of America Tower.

The firm joins banks, including JPMorgan Chase and Goldman Sachs, who have already started recalling staff to their US offices. Moynihan did not speak about remote work plans for Bank of America, unlike American Express, who told workers on Tuesday that they can stay apart two days a week permanently.

It was a different tone than the one struck by Morgan stanley CEO James gorman, who said Monday he would be “very disappointed” if American workers did not return to the office in September.

“If you can go to a restaurant in New York City, you can walk into the office,” Gorman said at a conference, according to the BBC.

Gorman added that he has yet to set a minimum number of days employees will be required to enter the office, but warned those based in New York will be required to stay put.

“If you want to get paid at New York rates, you work in New York,” Gorman said, according to the BBC.

About Virginia Ahn

Check Also

UniCredit (OTCMKTS:UNCRY) PT raised to €17.00 at Berenberg Bank

UniCredit (OTCMKTS:UNCRY – Get Rating) had its price target raised by Berenberg Bank equity research …

Leave a Reply

Your email address will not be published.