U.S. companies scrambled to put in place policies that would allow employees to take a day off after President Joe Biden signed a bill late on Thursday to recognize June 19, or “Juneteenth”, as a federal holiday.
Juneteenth has been a holiday in some U.S. states, but the move has pressured more companies to declare the day a holiday With Juneteenth, the first new federal holiday created in nearly 40 years, falling on a weekend, some companies, including JPMorgan Chase & Co and Bank of America Corp. have allowed U.S. employees a floating day off.
Many U.S. companies had observed Juneteenth last year, when the United States was rocked by protests against racism and policing following the murder of George Floyd, an African-American man, by a Minneapolis police officer.
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