Posts tagged Wells Fargo
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.
Why Wells Fargo is the only big bank where workers are trying to unionize
September 18, 2023 // Bank workers first started organizing informally over concerns about sales pressure back in 2015 — before the fake account scandal broke to the public. Workers reached out to the Committee for Better Banks, an organizing group, which put them in touch with CWA, the Consumer Financial Protection Bureau and members of Congress, Weiner said.
Workers United Has an Alter Ego
April 4, 2023 // Workers United is the largest shareholder of “union controlled” Amalgamated Bank, and is frequently described as its majority owner given its unique control of the bank. Amalgamated reports investments to the US Securities and Exchange Commission that go against both the union and the bank’s self-proclaimed values. Both Workers United and the bank have put forth an image of progressive values and social responsibility. This image has helped Workers United popularize some of its major organizing campaigns, including efforts to organize baristas throughout the country.
Worker strikes and union elections surged in 2022 – could it mark a turning point for organized labor?
January 10, 2023 // The increase in strike activity is also important. And while the major strikes that involve 1,000 or more employees and are tracked by the Bureau of Labor Statistics arouse the greatest attention, they represent only the tip of the iceberg. The bureau recorded 20 major strikes in 2022, which is about 25% more than the average of 16 a year over the past two decades.