8.3 C
Friday, April 19, 2024

Goldman Sachs mandates vaccines for US staff and visitors


Related stories

WHO hosts the first forum on traditional medicine

The World Health Organization will convene its first summit...

Despite profit-taking, the price of oil still records a weekly rise

As the dollar rose and oil speculators took profits...

Kenya bans churches after allegations of killing worshipers who were starved

According to a government document made public on Friday,...

Goldman Sachs has made it compulsory for its staff to be fully vaccinated against coronavirus in order to work in its US offices.

The investment bank said from 7 September all employees, along with clients and visitors, would need to be doubled jabbed to enter its buildings.

Goldman said it would also introduce mandatory once-a-week testing from the same date for staff.

Workers who are not fully vaccinated will be expected to work from home.

Goldman told the BBC the policy was being introduced in the US, where workers returned the office in July, and not at its sites around world.

Proof of vaccination status will be required via an app from October, it added.

A spokesperson said that from Wednesday face masks would also be required – regardless of vaccination status – in all common areas of its buildings, such as lobbies, lifts, hallways, restrooms and cafes, except while seated for eating and drinking.

Read Also  Amazon pays YouTube stars $25 for each video they upload, eliciting laughter

The bank had previously ordered its US bankers to disclose their vaccine status before returning to the office but refrained from mandating them.

The announcement comes after Pfizer’s two-dose vaccine received full approval from the US Food and Drug Administration (FDA). The vaccine had initially only been given emergency use authorisation.

The approval is expected to set off more vaccine mandates by employers and organisations in the US at time when infections are rising and vaccine hesitancy remains high.

image captionThe City of London skyline

Last month, Goldman announced bankers returning to its London head office would be required to wear masks in the building, despite the easing of the UK government’s coronavirus restrictions.

Read Also  Oil giant Shell says it needs oil to pay for green shift

But Richard Gnodde, the head of Goldman Sachs International, said the bank would not insist on people being vaccinated, nor would it force people to return if they felt uncomfortable doing so.

“[We will] continue to manage our exit from this in a cautious and appropriate way to make sure that our people feel comfortable,” he told the BBC.


Banks have been split over whether staff should come back to the office full time or work from home for some or all of the week.

Goldman Sachs’ group chief executive, David Solomon, has described working from home as “an aberration”, while James Gorman, the boss of rival US investment bank Morgan Stanley said: “If you can go into a restaurant in New York City, you can come into the office.”

Read Also  Singapore-based cashback platform ShopBack acquires BNPL service Hoolah

Meanwhile, NatWest has said some 55% of its workforce would adopt a hybrid model of working between the office and home.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM is a fast-growing business site with deep financial, media, tech, and other industry verticals.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories