Posts tagged Senate Banking Committee

    Some Wells Fargo employees vote in favor of unionization; others reject

    December 22, 2023 // In the lead-up to the vote, the bank had highlighted several measures it had taken to address some of the concerns raised by its employees, such as improving compensation and benefits for lower-paid workers and bumping up median base salaries. But at a hearing before the Senate Banking Committee earlier this month, CEO Charlie Scharf, when asked if the bank would remain neutral during the unionization effort, said Wells Fargo would exercise its right "to speak with (the employees) to make sure they make an informed decision". Employees at the Daytona Beach, Florida branch and Atwater, California have also filed for union elections which are expected to be held in January, two sources said.