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Raytheon warns of worker losses as companies impose vaccine mandate

(Reuters) - Raytheon Technologies (NYSE:RTX)' top boss warned on Tuesday the U.S. aerospace and defense firm will lose 'several thousand' employees who refused to take COVID-19...
Raytheon warns of worker losses as companies impose vaccine mandate © Reuters. FILE PHOTO: A security officer stands guard in front of a Raytheon stand at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 21, 2019. REUTERS/Pascal Rossignol

(Reuters) - Raytheon Technologies (NYSE:RTX)' top boss warned on Tuesday the U.S. aerospace and defense firm will lose 'several thousand' employees who refused to take COVID-19 vaccines, as it prepares to meet the Biden administrations' Jan. 1 deadline for immunization.

"We will lose several thousand people," Raytheon (NYSE:RTN) Chief Executive Greg Hayes said in a CNBC interview on Tuesday, adding that staff hiring was underway. The company has a total of 125,000 U.S. employees.

Raytheon, the maker of Tomahawk missiles, last month said it will require all U.S. employees to be fully vaccinated by mid-December, after the Biden administration mandated immunization for nearly all federal employees and contractors, to widen vaccination coverage in the country.

Many federal contractors, such as Boeing (NYSE:BA) Co, 3M and American Airlines (NASDAQ:AAL), have announced vaccination mandates since. European planemaker Airbus, which supplies helicopters to the U.S. Army, also joined the list on Tuesday.

"We will require all employees and temporary workers of Airbus in the U.S. to be fully vaccinated against COVID-19 by Dec. 8," a company spokesperson said.

Other companies such as Gillette maker Procter & Gamble (NYSE:PG) Co also have mandates in place.

To be sure, not every company is facing a pushback from its employees. United Food and Commercial Workers, the union which represents 26,000 workers at Tyson Foods Inc (NYSE:TSN), said on Tuesday over 96% employees were now vaccinated.

While some other large U.S. employers such as Walmart (NYSE:WMT) were yet to issue broad requirements, the Labor Department's standards will require them to introduce mandates.

Separately, Raytheon's Hayes said he expects Biden's vaccine mandate to cause "some disruption" in the supply chain in a post-earnings conference call.

General Electric (NYSE:GE), another federal contractor that has mandated vaccines, however, said it was too early to say if the decision would have an impact on the U.S. conglomerate's operations.

"We will have a better read as we get closer to the compliance date," GE Chief Executive Larry Culp told Reuters.

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04-12-2021 05:23:15 (UTC+7)

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 EUR/USD1.1316↑ Buy
 GBP/USD1.3239↑ Buy
 USD/JPY112.82Sell
 AUD/USD0.6998↑ Sell
 USD/CAD1.2846Neutral
 EUR/JPY127.66↑ Buy
 EUR/CHF1.0385↑ Buy
 Gold1,784.15↑ Sell
 Silver22.562↑ Buy
 Copper4.2725↑ Sell
 Crude Oil WTI66.27↑ Sell
 Brent Oil69.91↑ Sell
 Natural Gas4.095Sell
 US Coffee C242.40↑ Sell
 Euro Stoxx 504,080.15↑ Buy
 S&P 5004,538.43↑ Buy
 DAX15,169.98↑ Buy
 FTSE 1007,122.32↑ Buy
 Hang Seng23,766.69↑ Buy
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 IBEX 358,241.70↑ Buy
 BASF58.240↑ Sell
 Bayer44.20Sell
 Allianz197.02↑ Sell
 Adidas247.82Neutral
 Lufthansa5.687Sell
 Siemens AG146.30↑ Sell
 Deutsche Bank AG10.740↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,020/ 6,070
(0/ 0) # 1,177
SJC HCM6,040/ 6,110
(25/ 25) # 1,182
SJC Hanoi6,040/ 6,112
(25/ 25) # 1,184
SJC Danang6,040/ 6,112
(25/ 25) # 1,184
SJC Nhatrang6,040/ 6,112
(25/ 25) # 1,184
SJC Cantho6,040/ 6,112
(25/ 25) # 1,184
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JPY195,30206,56
KRW16,7020,34
Cập nhật lúc 17:14:53 04/12/2021
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