Posts tagged Wells Fargo
Local Wells Fargo branch votes to unionize, bargaining process occurring across country
December 12, 2024 // The branches within the union are still in the bargaining faze which began on November 4th, and are now waiting to hear the details on a national contract. According to "Committee For Better Banks", there are 23 Wells Fargo branches across the country who have joined the union, with 6 other branches having filed for union election.
Union drive at Wells Fargo heats up as employees allege intimidation tactics
October 21, 2024 // After Wells Fargo was mired in a 2013 scandal over employees who opened millions of fake banking accounts, the bank created a new centralized unit to review customer complaints and employees’ allegations of workplace abuses. Now, however, that team is upended by its own turmoil as its members have accused bank officials of aggressively trying to block a unionization drive and firing employees in retaliation for their efforts to organize.
American bank sacks over a dozen WFH staff who used ‘mouse movers’
June 14, 2024 // The products – also known as ‘mouse jigglers’ – exploded in popularity during the pandemic as staff tried to escape the watchful eyes of bosses while apparently working from home. The contraptions let users leave their desks for hours at a time without being detected by their employer, by moving their computer mouse autonomously.
Wells Fargo shareholders reject union-busting audit
May 3, 2024 // Wells Fargo shareholders rejected a proposal Tuesday to appoint a third-party monitor that would have examined whether the bank was impeding employees’ unionization rights, according to American Banker.
2024 strikes predicted to be less disruptive; but layoffs and unionization continue
January 5, 2024 // US workers will not be exerting the same sort of pay pressures on employers as they did in 2023, with opportunities to strike being much reduced. After a bumper 2023 of strike activity, it claims the bargaining schedule for 2024 does not appear to be facing as many battles ahead.
Unions poised to capitalize on U.S. labor board rulings that bolstered organizing
January 2, 2024 // Business groups and employers are challenging many of those decisions in court, but in the mean time companies should brace themselves for an uptick in organizing emboldened by the NLRB's burst in pro-union activity, experts said. "There's an all-out assault to get businesses to recognize unions and increase union membership," said Ben Brubeck, vice president at construction trade group Associated Builders and Contractors.
Bethel bank employees postpone unionizing vote
December 26, 2023 // Walker Sexton, a personal banker, had filed notice of a union election to join Communications Workers of America’s Wells Fargo Workers United cancelled their vote on Wednesday, the day that a Wells branch in Albuquerque, N.M., voted to create the first unionized branch of any major U.S. bank. Communications Workers of America is a division of UNI Global Union, an international union that is a staunch critic of Israel and that does not condemn Hamas terrorist operations. The abandonment of the union vote effort left Rep. Mary Peltola holding the bag. The “worker power” effort had the full support of Peltola, who wrote last month, “Worker power doesn’t stop where the road system ends. I’m excited to see workers standing together in my hometown of Bethel.” Global unions demand international protection and justice for the people of Palestine Peltola comes out in favor of bankers union But not everyone in the bank seems to have agreed with Peltola.
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.