Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Hybrid workingEuropeCoronavirusFinancial servicesVaccinations

Bank staff who don’t want vaccine told they can stay at home

by Adam McCulloch 3 Sep 2021
by Adam McCulloch 3 Sep 2021 Photo: Shutterstock
Photo: Shutterstock

Multinational investment bank UBS has told its staff that if they don’t wish to receive a vaccine against Covid they can apply to work from home.

Ralph Hamers, CEO of the Zurich and Basel-based bank told the Swiss Economic Forum on 2 September: “We have 25,000 employees alone in the US and thousands more in Singapore and Hong Kong, and every country has a different legal framework around what you can and can’t make mandatory.”

Vaccinations

US law firm makes vaccines mandatory in London office

No jab, no job? 6 Covid jab questions for HR

Employers must consider religion and belief

He added: “The pandemic has delivered solutions to manage the risk of carrying the virus and passing it to your colleagues, and that is to work from home.”

Those who decide not to get vaccinated will be able to work remotely most of the time, according to the bank.

The bank has several offices in the UK, in London, Leeds, Manchester, Birmingham, Edinburgh and Newcastle.

Part of the reason for the policy is that in Switzerland itself the vaccination effort has made only limited headway compared with some countries. So far it has, according to Statista,  vaccinated at the rate of 110 doses per 100 people. This makes it 21st on the list in Europe. Malta, Iceland and Denmark lead the way with about 150 doses per 100 people.

The slowdown in vaccinations has been seen in many affluent countries once around 50% of the population has been jabbed but in Switzerland it has been particularly pronounced. All of the countries Switzerland borders has a higher proportion of the population vaccinated.

The decision to allow those without the vaccine to remain working at home comes two months after UBS set out plans to offer most of its 70,000 global employees hybrid working options.

“We have already identified two thirds of our jobs can continue to work from home and therefore we are developing a model of hybrid working,” Hamers said. “There will be days where we want to come in and work in your teams physically.”

In July Hamers said that it was “really difficult” for between a quarter and a third of the bank’s staff, including traders, to work from home.

Meanwhile, Deutsche Bank AG is making vaccination status a condition for entering its buildings in the US with all clients and employees entering its Deutsche Bank Center in New York now having to show proof of vaccination.

Credit Suisse Group AG – a chief rival to UBS – has pushed back the date for unvaccinated workers to return to US locations while stipulating that those with both jabs should return to premises by 7 September.

Legal comment

Alexandra Carn, employment partner at London-based Keystone Law, said the decision by UBS reflected the legal complexities facing multinational firms dealing with the return to office and varying rates of vaccination.

“Within multinational organisations like UBS, senior leadership has to consider whether a multijurisdictional policy is practical when many countries have different rules in terms of compulsory vaccination and the return to the office. The US, for example, takes a very different approach to the UK with regards to compulsory vaccination of staff.

“In England, the only industry where Covid-19 vaccinations are legally required is the care home sector, and that is subject to an ongoing legal challenge. ”

Employers, he said, therefore, could not force employees to physically have vaccinations; all they could do was treat employees who were not vaccinated differently, including dismissing them, but to do so was fraught with legal risks.

Carn added: “However, as we are still waiting for cases to go through employment tribunals in relation to vaccination status for employees, employers do not have legal precedent to rely on as yet.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

“This approach by UBS appears to be adopting a flexible attitude in respect of unvaccinated workers by allowing them to continue to work from home. However, there are clear limitations to such a policy. As UBS acknowledges, not all employees can work from home permanently and this highlights the need for consideration on a case by case by basis of an employee’s individual circumstances.”

HR Director opportunities on Personnel Today


Browse more HR director jobs

Adam McCulloch

Adam McCulloch first worked for Personnel Today magazine in the early 1990s as a sub editor. He rejoined Personnel Today as a writer in 2017, covering all aspects of HR but with a special interest in diversity, social mobility and industrial relations. He has ventured beyond the HR realm to work as a freelance writer and production editor in sectors including travel (The Guardian), aviation (Flight International), agriculture (Farmers' Weekly), music (Jazzwise), theatre (The Stage) and social work (Community Care). He is also the author of KentWalksNearLondon. Adam first became interested in industrial relations after witnessing an exchange between Arthur Scargill and National Coal Board chairman Ian McGregor in 1984, while working as a temp in facilities at the NCB, carrying extra chairs into a conference room!

previous post
Laing O’Rourke to discuss pensions at EB Live 2021
next post
REC: Labour market ‘will remain tight for years to come’

You may also like

Call to extend NHS flu jabs to over-50s...

27 Jan 2025

Winter flu surge an ‘unprecedented’ challenge for employers

20 Jan 2025

RSPH urging at risk to get vaccinated as...

6 Dec 2024

More needs to be done to reassure ethnic...

16 Sep 2024

Who will be eligible for NHS covid jabs...

2 Aug 2024

Workplace flu jabs ‘can save £87 per employee...

17 Jun 2024

Possible vaccine against skin cancer takes step forward

26 Apr 2024

Successful trial raises hopes of eventual chlamydia vaccine

15 Apr 2024

Work underway to develop lung cancer vaccine

25 Mar 2024

Covid vaccinations do protect against heart failure and...

15 Mar 2024

  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • The Majority of Employees Have Their Eyes on Their Next Move PROMOTED | A staggering 65%...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Self-Leadership: The Key to Successful Organisations PROMOTED | Eletive is helping businesses...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+