Banking

Wells Fargo Becomes First Big US Bank With Unionized Branch (2)


Wells Fargo & Co. is now the first major US bank with union representation for employees in one of its branches.

Workers at a Wells Fargo branch in Albuquerque, N.M., voted 5-3 Wednesday to join the Communications Workers of America’s Wells Fargo Workers United, in an election overseen by the National Labor Relations Board. Employees at a Wells Fargo branch in Bethel, Alaska, are scheduled to vote Thursday on joining the union. Both branches represent a tiny fraction of the bank’s overall workforce, but are meant to spur momentum for a broader union drive.

“Our victory today is the first of many to come. Despite Wells Fargo’s aggressive attempts to dissuade us, we are igniting a fire and showing our colleagues across the industry that not only is change possible, it is within reach,” Sabrina Perez, a senior premier banker at the Albuquerque branch, said in a statement.

“We respect our employees’ rights to vote for union representation. At the same time, we continue to believe our employees are best served by working directly with the Company and its leadership,” a Wells Fargo spokesperson said in a statement.

The Washington-Baltimore News Guild, which is affiliated with the CWA, represents employees of Bloomberg Law.

The Albuquerque vote comes as Wells Fargo faces a growing union campaign in its branches and call centers. Branches in Daytona Beach, Fla., and Atwater, Calif., have separately petitioned to join the union, and union organizers expect more requests in the coming months.

Workers around the country have been advocating for improved wages and working conditions, including the ability to better push back against aggressive sales tactics and other violations that have dogged Wells Fargo for years.

The Wells Fargo branch in Albuquerque has eight members in its bargaining unit and the Bethel branch has five, making up a tiny fraction of the bank’s 4,355 branches and approximately 227,000 employees nationwide.

Union Drive

Wells Fargo has consistently maintained it will fight the unionization effort. Wells Fargo President and CEO Charles Scharf said at a Senate hearing this month he believes the bank works best when management has a direct relationship with its workers, rather than having to negotiate with a union. He faced questions on the union drive from Senate Banking Committee Chairman Sherrod Brown (D-Ohio).

Wells Fargo hired Littler Mendelson P.C., a top employer-side labor law firm, to advise the bank on its efforts to stop the union drive. The bank has distributed anti-union flyers and used small group meetings to discourage workers at the Albuquerque and Bethel branches from voting to join, according to union representatives.

The next step for workers in Albuquerque is to negotiate a contract with Wells Fargo, which could become a model for other branches around the country.



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