Finance

Goldman Sachs mandates vaccines for staff and visitors who want to enter its offices

Goldman Sachs Group will require employees and visitors entering its offices to be fully vaccinated against Covid-19 starting 7 September.

In a memo to employees on 24 August, the Wall Street firm said it was also instituting a mask requirement for all common areas starting 25 August. Vaccinations are available at many of the company’s on-site health centres, Goldman said, and employees get a half-day of paid time off for each dose. Employees who aren’t fully vaccinated by 7 September must work from home, the memo said.

The Food and Drug Administration on 23 August granted full approval to the Covid-19 vaccine from Pfizer and partner BioNTech SE.

READ NYSE requires traders to be vaccinated

President Joe Biden, in response, urged private-sector employers to make vaccines mandatory. “I call on you to do that — require it,” he said.

In July, Morgan Stanley began requiring employees and visitors to confirm their vaccination status to enter its offices in New York City and nearby Westchester County. (Unvaccinated employees must work remotely.) Citigroup is also requiring employees returning to its offices next month to be vaccinated.

READ Legal storm brews over mandatory vaccinations as firms weigh ‘carrots and sticks’

JPMorgan, the largest US bank and one of New York City’s biggest employers, hasn’t made vaccines mandatory but does ask employees their vaccination status. The bank earlier this month reinstituted a mask mandate in its US offices, regardless of vaccination status.

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