Home Economy JPMorgan, UBS to allow U.S. employees take day off for Juneteenth

JPMorgan, UBS to allow U.S. employees take day off for Juneteenth

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A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

June 17 (Reuters) – JPMorgan Chase & Co (JPM.N) will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters.

While the holiday falls on a weekend, employees can coordinate with managers for a paid day off between July 1 and Dec.31, the memo from Chief Executive Jamie Dimon and global head of diversity and inclusion Brian Lamb said.

Wealth manager UBS (UBSG.S), (UBS.N) also unveiled similar plans for its U.S. employees, an internal memo showed.

President Joe Biden signed a bill on Thursday to recognize June 19, or “Juneteenth”, a federal holiday marking the end of legal enslavement of Black Americans.

It marks the day in 1865 when a Union general informed a group of enslaved people in Galveston, Texas that they had been made free two years…

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