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Wells Fargo won’t commit to union neutrality, and bank employees are preparing for an ugly fight

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27.07.2022

Workers behind an unprecedented union drive at Wells Fargo are now trying to enlist congressional allies in their battle.

Though employees have been trying to unionize America’s third-largest bank for years, a renewed push began several months ago. This time it’s been galvanized by support from the Committee for Better Banks, a group that in September helped score the first bank industry union contract in 40 years with Beneficial Bank, through what turned out to be a relatively amicable process.

In the past decade, Wells Fargo has become a sort of banking bête noire, the face of scandals that, just in recent months, include racist mortgage lending, charges of anti-money laundering violations, fake job interviews with minority and female candidates to goose the bank’s diversity numbers, and now, accusations of poor working conditions from increasingly vocal pro-union employees.

In an eight-page letter today to Senator Sherrod Brown, chair of the Senate Banking Committee, and his House counterpart Maxine Waters, head of the House Committee on Financial Services, a group of........

© Fast Company


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