JPMorgan Joins Rush to Curb Global Travel as Virus Spreads
- Multinationals including Nestle are restricting global travel
- WHO warns coronavirus outbreak is now at a ‘decisive’ stage
This article is for subscribers only.
JPMorgan Chase & Co. curbed non-essential travel globally, joining a string of other corporate giants in restricting business trips as the spreading coronavirus risks becoming a pandemic.
Because of the broadening spread of the virus, it’s now “restricting all international travel to essential travel only,” the New York-based bank said in a memo distributed to staff, confirmed by spokespeople. The move marks an escalation in its travel precautions, which had previously been limited to regions where the spread of the virus has been heaviest, such as parts of Asia and northern Italy.