Wells Fargo, BlackRock delay office returns over rising COVID-19 cases
Wells Fargo is reportedly closing all personal lines of credit
Hostage situation unfolds at Wells Fargo in Minnesota
Feds reportedly OK Wells Fargo overhaul plan
Jamie Dimon ignores his own advice about workers and shareholders
Wells Fargo and BlackRock announced Thursday that they’re pushing back their return-to-office plans to October amid rising cases of COVID-19.
Wells Fargo, the largest workforce of any US bank with almost 260,000 employees, said it will start calling workers back to the office on Oct. 4, rather than Sept. 7, as previously planned, according to an internal memo from Chief Operating Officer Scott Powell.
“The delta variant does not change the basic facts: vaccinated people are at lower risk of becoming infected with Covid-19, and much lower risk of becoming seriously ill and requiring hospitalization if they do become infected,” Powell wrote in the memo.
Wells Fargo is giving workers eight hours paid time off to get vaccinated.
“Please take advantage of the extra time off that Wells Fargo offers for you to get vaccinated,” Powell added.
Moments after Wells Fargo’s decision was reported, BlackRock, the world’s largest asset manager, announced they’re also pushing back their return-to-office plans to Oct. 1.
Blackrock had previously announced a “re-acclimation period” from from July 1 through Sept. 1, during which people were not required to come into the office, but any employee who wanted to go to the office had to be vaccinated.
“During this extended re-acclimation period, we will continue to allow only fully vaccinated individuals in our U.S. offices,” the company said in an internal memo, which was obtained by The Post.
“We will provide an update on our Future of Work pilot in early September and appreciate your patience as we work through the details amidst this evolving situation,” the memo added.
BlackRock’s memo was signed by COO Robert Goldstein, global head of human resources Manish Mehta and Chief Security Officer Larry Knafo.
Share this article:
Source: Read Full Article