Thread regarding Wells Fargo & Co. layoffs

Wells Fargo employees at two branches mount unionization campaign

Link: https://www.reuters.com/business/finance/employees-two-wells-fargo-branches-plan-launch-unionization-efforts-wsj-2023-11-20/

Nov 20 (Reuters) - Wells Fargo (WFC.N) employees at two of the bank's branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor campaigns.

In a petition to the National Labor Relations Board (NLRB), bankers and tellers at Wells Fargo branches in Albuquerque, New Mexico and Bethel, Alaska declared their intent to join the Communications Workers of America's Wells Fargo Workers United (WFWU).

Labor action in the United States has picked up pace this year, with unions confronting companies across industries like automotive, entertainment and aerospace.

Some, like the Detroit Three automakers, have also ceded ground to unions by agreeing to record pay hikes for employees.

That has boosted confidence among employees looking to mount similar challenges.

"While we are the first Wells Fargo workers to file for union elections, we will not be the last," said Sabrina Perez, a senior premier banker at Wells Fargo's Albuquerque branch.

Unionization efforts are rare in the financial sector, which is largely a white-collar industry underpinning the American economy.

Wells Fargo's Saul Van Beurden, CEO of consumer, small and business banking, highlighted investments the lender had made for employees over the past four years, like increasing staffing levels and bumping up median base salaries.

"We have a deep commitment to invest in and support everyone who works at Wells Fargo ... have significantly improved compensation and benefits for our lower paid employees in recent years," he said.

The unionization plans were first reported by the Wall Street Journal.


good luck. Branches in Bethel Alaska and Albuquerque, New Mexico.

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| 2331 views | | 21 replies (last November 22, 2023) | Reply
Post ID: @OP+1pGZ1VKi

21 replies (most recent on top)

This post is not McCool at all…

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Post ID: @2mit+1pGZ1VKi

Careful what you wish for with Unions. Unions can’t stop WF from closing branches or making any other business decision related to you keeping your job. Want to unionize an ops center? Wells Fargo doesn’t have to keep that center open. Same with branches. Just go find another job is you want to make more and work less. Good luck with that, btw.

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Post ID: @1tpj+1pGZ1VKi

Two branches closing in 3...2...

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Post ID: @1dzh+1pGZ1VKi

Straight up unionizing is happening. I’m in Auto in Irving (Call Center). We have union reps ACTIVELY organizing us from the phones, to risk control, all the way to IT. If we can do this in deep red Texas, we can do it ANYWHERE. Charlie and Hudson Tards can go eat their own cake. We’re going for the whole buffet.

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Post ID: @1xjo+1pGZ1VKi

Hey Saul, that’s a flat out, bold faced LIE! You and Charles are destroying this company! The atmosphere is toxic. Everyone is in fear for their jobs. Jobs are being sent overseas in record numbers, given to rude mo--ns that you expect us to train before we hand over decades long careers on a silver platter. Branches are running on skeleton crews without the technology our peers have. Meanwhile 99% of new (unneccesary) senior execs are from Chase. HUGE conflict of interest!

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Post ID: @1juo+1pGZ1VKi

Enough already with this white collar union BS it’s getting embarrassing

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Post ID: @1oba+1pGZ1VKi

Good luck to those branches. Staffing is very slim in branches, customers are very disruptive and threatening. Working in a branch is one of the hardest jobs at WF

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Post ID: @1fhh+1pGZ1VKi

I am for anything that exposes the corruption within the executive ranks of Wells Fargo.

Does it make Charlie look bad to be CEO over the first bank to successfully unionize?
I am for it.

Does it expose the greed at the top, and how they exploit our customers, our employees, and our shareholders?
I am for it.

Does it cause people to ask important questions such as how does all the cost- cutting, offshoring and shortstaffing affect information security, risk and the status of the asset cap?
I am for it

Is it a big FU to Charlie and Co.?
Then I am 100% all for it.

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Post ID: @yjg+1pGZ1VKi

Post from TheLayoff.com

Um, some of us still use safety deposit boxes.....................

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Post ID: @rmy+1pGZ1VKi

@dev+1pGZ1VKi Embracing the communist fist eh? Unions are trash and another layer of control over people's jobs and like all communists, instill envy and jealousy to grab power.

For all the talk of companies mistreating employees, Unions mistreat, harass, lie, abuse, and te--orize those who don't tow their line, ya know, because "they're fighting for your interests." Or else.

But Unions are worse because they don't turn a profit, the PURPOSE of companies, and feed off of the work of others like parasites. You become dependent on the Union instead of bettering yourself, your skills, your merit. Then the Union owns you because you can't find your artificially increased pay anywhere else. You are now in a worse situation than before the Union existed.

Don't fall for the myth of the good Union. They benefit you far less than a company without it.

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Post ID: @mab+1pGZ1VKi

@dev, you might wanna cool down on posting the same info on every single thread, site mods could ban you for spamming. Just sayin'

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Post ID: @upo+1pGZ1VKi

I don't mean to insult those who advocate unions, but I don't think we need branches anymore because customers can do everything from their computer or smartphone. If I were you, I will start thinking of a career change.

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Post ID: @udh+1pGZ1VKi

Until a union is here, just use Loudspeaker?

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Post ID: @hmw+1pGZ1VKi

Momentum. Keep it going. Bravo!

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Post ID: @rva+1pGZ1VKi

@wct

People take the best jobs they can find, but that doesn't mean they're ok with being treated poorly.

If these employees have a path to improved conditions via a union, then of course they'll pursue it. Why wouldn't they?

The only people that wouldn't pursue an improvement for themselves are the miserable types operating on wrong information about unions.

It's crazy how many people on this board think they're against unions before even seeing what a contract would look like 🤷

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Post ID: @nbe+1pGZ1VKi

I am a former WF employee. I don't know if a union is a way to go. If people want a higher wage they can do what I did and switch companies. If you feel you are underpaid find another employer who is willing to pay you more. Other articles indicate that employees are tired of the long lines at branches and want the ability to work form home. Banks don't want shorter lines at the branches. They want people banking online or on the phone or using ATMs. Branches are being closed. If your job depends on a branch and you are more than 5 years from retirement you might want to look for another job. The people organizing the union are also upset that WF has raised the minimum wage but if you were already over the minimum there wasn't the same percent of raise. The market has changed. It isn't hard to find a job at a different bank. Make the move. Let WF unionize. That will just push the move to less branches quicker.

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Post ID: @tbp+1pGZ1VKi

Wells will just continue to close branches. Good luck.

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Post ID: @xrb+1pGZ1VKi

if you knew you were going to make cr ap wages when you took the job why take the job? It like moving next to an airport then complaining about all the plane noise.

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Post ID: @wct+1pGZ1VKi

Increased staffing levels?! I call BS. That is a flat out lie.

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Post ID: @qjg+1pGZ1VKi

What the F is Saul smoking? If this isnt proof that he is either 1.not in touch with reality, and/or 2. has sold his soul to the highest bidder, and/or 3. is a liar — then I dont know what is.

Saul says in the article:

“Wells Fargo's Saul Van Beurden, CEO of consumer, small and business banking, highlighted investments the lender had made for employees over the past four years, like increasing staffing levels and bumping up median base salaries.

‘We have a deep commitment to invest in and support everyone who works at Wells Fargo ... have significantly improved compensation and benefits for our lower paid employees in recent years,’ he said.”

Time to come down from the Ivory Tower, Saul.

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Post ID: @qoe+1pGZ1VKi

Piggybacking from a prior post (let’s keep the party going).🥳

https://betterbanks.org/wfwu

Wells Fargo Workers United
We are Wells Fargo employees forming a union to improve our working conditions; 
making a better Wells Fargo for workers & customers.

Proper Staffing
We need adequate staffing levels to reduce stress levels, enable humane workloads and set attainable performance metrics.

Better Pay
We want a fair raise for ALL employees commensurate with the 30% increase to the starting minimum wage.

Work Life Balance
We demand safe and flexible work arrangements along with time-off benefits that recognize all of our needs, duties and responsibilities.  

Respect
Respect our right to organize an independent voice at work free from fear of retaliation or harassment.

7 simple steps to start a union

  1. Talk to your coworkers.

The first step is straightforward: Talk to your coworkers and find out what they think about the workplace.

  1. Find a union and build an organizing committee.

A traditional union—sometimes called a trade union or labor union—will ideally have the staff, resources, and expertise to kickstart the process and represent you in negotiations.

  1. Build support.

Lead organizers put together a list of all the workers at the store so they could make a plan to talk with everyone.

  1. Sign cards, file for recognition, and hold an election.

Once you’ve built enough support to go public, the next step is to sign union cards indicating that you would like to be represented by the union you’re working with for the purposes of collective bargaining. You or your union representative then files the union cards with the NLRB, usually electronically.

  1. Prepare yourselves for union busting and retaliation.

Once management knows you’re organizing, keep an eye out for union busting. Hired firms may train leaders and middle managers to spread misinformation about how unions operate or instill fear in workers through retaliatory tactics.

  1. Form a bargaining committee and negotiate a contract.

Once you’ve won an election, it’s time to actually negotiate with your bosses about what changes you want to see. The bargaining unit—everyone who will be in the union—should first elect a bargaining committee. These rank-and-file workers will be the key group to represent the unit in meetings with management.

  1. Make a plan to maintain momentum.

Prepare yourself for a potentially arduous process. You might spend months organizing, and then many more months negotiating before you reach that coveted contract. The average time it takes for employers and new union workers to finalize their first collective bargaining agreement is 465 days, according to a Bloomberg Law analysis.

Who is Wells Fargo?

Wells Fargo is..

Profits above reputation 

Profits above common decency

Profits above effective leadership 

Profits above common sense 

Profits above it’s Mission Statement 

Profits above longer-term success 

Profits above a healthy culture 

Profits above credibility 

Profits above Investments and innovation 
Profits above responsibility

Profits above ethical practices 

Profits above relationships 

Profits above excellence 

Profits above communities 

Profits above doing what’s right for customers

Profits above employee well-being 

Profits above respect 

Profits above America 

Profits above trustworthiness 

Profits above people

It’s not misbehaving if you’re fighting for what you’ve earned and what you deserve. When in doubt, always aim to misbehave.✊🏼

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Post ID: @dev+1pGZ1VKi

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