U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
Morgan Stanley is asking employees, contractors and visitors to show proof of vaccination before entering its New York headquarters. The bank does not require additional COVID-19 testing for staff or visitors, a spokesperson said.
The bank expects staff who are not required to be in the office to take advantage of the ability to work from home and to spend more time with their families. But it is not sending staff home and does not have a work-from-home policy, a source familiar with the situation said.The lender has said it strongly encourages employees to consider getting the COVID-19 vaccine but does not require it. The bank was providing all employees with four hours of paid leave to get the booster shot if eligible.
The bank also required employees to either document that they are fully vaccinated or get tested regularly.The company said it had paused its voluntary return-to-office plans in New England, citing a rising risk from the COVID-19 pandemic.Register Reporting by Noor Zainab Hussain, Niket Nishant and Manya Saini in Bengaluru and Elizabeth Dilts Marshall and David Henry in New York; Editing by Stephen Coates, Shinjini Ganguli and Maju SamuelSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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