FAST FIVE: Millions Of Workers Are Still Calling Out Sick Or Taking Leaves Of Absence Due To COVID
Millions Of Workers Are Still Calling Out Sick Or Taking Leaves Of Absence Due To COVID One of the biggest hits to supply chains across the country hasn't just been business shut downs, but rather the residual effect of employees calling out sick.
One worker told Businessweek: “We work so close together.
The absenteeism rate at major corporations has been averaging about 10% over the last 2 months, the report notes.
The problem got so bad at General Motors that the company even had to put some of its white collar workers on the production floor in August. “Vaccinations could start driving down absenteeism by the second quarter,” predicts Michael Gapen, chief US economist at Barclays.
Until such time, however, he says that continued absenteeism “could lead to shortages, it could lead to higher prices and more restrained output.” Major corporations like Clorox and Kellogg are now fighting to get their employees to the front of the line for vaccinations, as a result. Timothy Fiore, chair of ISM's Manufacturing Business Survey Committee, said on January 5: “The quantity of infections and the quantity of people who are having to self-quarantine or be sick is just so overwhelming that everybody has to be affected by it.” Geoff Freeman, chief executive officer of the CBA, concluded: “The challenge in keeping lines up and running, the challenge in continuing to meet the extraordinary demand that's out there is absolutely enormous-and our companies are feeling it.