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Business, Financial News, U.S and International Breaking News

Wells Fargo postpones return-to-office plans by a month amid coronavirus surge

Wells Fargo signage on Could fifth, 2021 in New York Metropolis.

Invoice Tompkins | Michael Ochs Archives | Getty Photos

Wells Fargo has pushed again plans for workers to return to company places of work by a month in response to the rise in U.S. coronavirus circumstances.

The financial institution is now aiming to kick off the primary section of its plan on Oct. 4, from a earlier Sept. 7 goal, in accordance with a memo Thursday from Chief Working Officer Scott Powell. The transfer applies to staff who’re at present working remotely, not those that are already engaged on website, Powell mentioned.

Wells Fargo, the fourth largest U.S. financial institution by property, is becoming a member of a rising record of companies which might be pushing again return dates or mandating that staff be vaccinated or put on masks amid a nationwide surge pushed by the extra contagious delta variant.

Final week, Citigroup mentioned that even vaccinated staff would wish to put on masks at company places of work. Tech giants, together with Fb and Alphabet, now mandate that staff who want to return to places of work be vaccinated. Big asset supervisor BlackRock additionally mentioned Thursday that it’s pushing workplace return plans again by a month to October, in accordance with Bloomberg, which earlier reported the Wells Fargo information.

The financial institution additionally inspired, however didn’t require, staff to get vaccinated and mentioned that nearly 90% of its workforce had responded to an inside vaccine questionnaire, in accordance with the memo obtained by CNBC. The financial institution declined to remark past the memo.

“We are going to proceed to observe the state of affairs and make additional changes if required,” Powell instructed staff. “Please deal with yourselves and your households.”

This story is creating. Please examine again for updates.

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