July 15, 2024


sights and trips

Goldman Sachs, JPM weigh paying abortion travel costs: report

Goldman Sachs, JPM weigh paying abortion travel costs: report

Big US banks Goldman Sachs and JPMorgan Chase are speaking about extending abortion benefits for employees to cover journey, Bloomberg News reported on Thursday, citing individuals with expertise of the matter.

The Wall Avenue giants could pay back vacation fees for staffers looking for to abort pregnancies absent from states with stringent regulations, the report added.

The US Supreme Court seems set to vote to overturn the Roe v. Wade selection that legalized abortion nationwide, in accordance to a leaked preliminary draft the vast majority opinion revealed by Politico on Monday. 

A JPMorgan spokesperson declined to remark on the report. Spokespeople from Goldman Sachs did not promptly react to Reuters requests for remark.

Other corporations including Levi Strauss and Amazon have pledged to offer related aid to their US staff who will need to vacation out of states like Texas and Oklahoma that have restricted entry to abortion services.

In March, Citigroup started masking travel expenses for staff members who go out of condition for abortions since of newly enacted constraints in Texas and other areas, turning out to be the 1st main US lender to make that determination.