March 18, 2022
Citigroup Inc. is beginning to cowl journey prices for U.S.-based staff looking for an abortion as extra states go new abortion restrictions, in keeping with Bloomberg News.
The coverage covers sure bills, comparable to airfare and lodging, for employees who should journey out of state to obtain an abortion.
“In response to modifications in reproductive healthcare legal guidelines in sure states within the U.S., starting in 2022 we offer journey advantages to facilitate entry to satisfactory sources,” Citi wrote in a filing for its shareholders assembly set for April 26.
In Texas, Citigroup has greater than 8,500 staff, Bloomberg reported. Final yr, the state barred abortions after a fetal heartbeat is detected, which might happen round six weeks of being pregnant. Below the regulation, personal residents can sue anybody who “aids and abets” an abortion previous the cutoff date, together with medical doctors, clinic employees and individuals who transport a pregnant particular person to and from an abortion clinic.
Earlier this week, the Idaho Home accepted a six-week abortion invoice modeled after the Texas regulation. The Idaho Senate accepted the laws earlier this month, and the invoice now heads to Gov. Brad Little to be signed. The regulation may take impact in April, in keeping with The Washington Post.
Citi joins quite a lot of firms which have offered sources for workers in response to strict abortion legal guidelines, in keeping with Axios. Lyft and Uber have introduced that they’ll cowl authorized charges for drivers sued beneath the Texas regulation.
Match Group Inc., a Dallas-based firm that owns a few of the greatest courting apps, mentioned it could create a fund to cowl prices for workers and dependents who want to hunt care exterior of Texas, Bloomberg reported. Bumble, based mostly in Austin, has created the same fund.
Citigroup’s submitting additionally included updates about different well being and wellness applications. Starting in early 2020, the corporate expanded its paid parental depart coverage for workers to obtain 16 weeks of paid maternity depart or 4 weeks of paid parental depart.
Citi can also be broadening its gender affirmation medical protection and incorporating the protection into its primary medical plan world wide.
To fight fatigue, the corporate has launched two totally different sabbatical applications that enable staff to recharge for 12 weeks or volunteer with a charitable establishment for as much as 4 weeks.
“Increasingly more firms are being compelled to take stands on points due to the calls for of some stakeholders that antagonize different stakeholders,” Witold Henisz, director the Political Danger Lab on the College of Pennsylvania’s Wharton College of Enterprise, advised Reuters.“Millennial employees and shoppers demand that firms take stands and look to CEOs particularly the place the federal government has did not act or taken a stand of which they disapprove,” he mentioned. “This can proceed to develop as a strategic problem for firms.”