Posts tagged Banks

    Not one CEO of the 7 biggest U.S. banks responded “yes” when asked if they would be neutral with employee unionizing.

    September 26, 2022 // “We will operate for our shareholders, our customers, our employees within what the law allows us to do.” When questioned by Sen. Sherrod Brown (D-OH) during a hearing from the Committee on Banking, Housing and Urban Affairs, not one CEO of the 7 biggest U.S. banks in America responded with “yes” when asked if they would remain neutral if their employees tried to unionize.

    Big Labor is Targeting Banks and Credit Unions??

    March 28, 2022 // Recent successful efforts by big labor to organize and unionize bank and credit union workers in New York, Washington, Oregon and California, highlight the financial industry’s vulnerability. Of course, supervisors and managers are generally prohibited from assisting and excluded from forming a labor union under the National Labor Relations Act (NLRA), nearly every other type of employee in the private sector is generally free to organize and bargain collectively with their employer and engage in other protected concerted activities related to terms and conditions of employment, or choose to refrain from such activities. Being simply employed by a bank, credit union or other financial institution does not prevent the worker from forming or joining a union under the NLRA.

    A Misguided Republican Gift to Big Labor

    February 8, 2022 // At the 35,000-foot level, a works council is a collective forum that petitions the employer on improving working conditions, receives communications of proposed changes to working procedures, and engages in formalized labor-management dispute resolution. Typically, the works councils are not empowered to call strikes or other industrial actions but are granted some power to bargain with the employer on behalf of the workers at their given work sites.