Wells Fargo employees pushing to organize union across bank's workforce

[DBoon]

Workers at Wells Fargo, the third largest bank in the US, are pushing to organize a union across the bank’s workforce with Wells Fargo Workers United, a campaign with the Committee for Better Banks, which successfully won the first union contract in the banking industry in 40 years at Beneficial Bank in 2021.

Wells Fargo has faced a series of scandals in recent years, from the fake account scandal in 2016 exposed by whistleblowers with the Committee for Better Banks, to mortgage and auto loan abuses, adding on products to customer accounts without their knowledge, a lawsuit filed this year alleging mass overtime pay violations and, according to a recent report, the bank has used fake interviews to increase records of the bank’s diversity efforts.

“If it’s left to the senior leadership, the changes won’t occur. So we have to collectively bargain and take control ourselves,” said Jessie McCool, a senior compliance officer at Wells Fargo in Missouri for about eight years and a member of the workers’ organizing committee.
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From the bank tellers, customer service representatives, underwriters, stockbrokers or workers in IT, legal and compliance, McCool said Wells Fargo suffers from management issues where company policies are applied unevenly or unclear, and often has resulted in enabling discrimination, retaliation or scapegoating of workers by managers.

https://www.theguardian.com/business/2022/jun/02/wells-fargo-workers-union

[Sandy Becker]

1. If Wells Fargo organizes, maybe it will set a precedent for bank employees being organized. n/t