Wells Fargo Privately Worries Union “Resurgence” Could Reach Its Workers Next
- Internal document shows bank tracking organization efforts
- Bank leaders fret over a ‘new generation’ of union successes
A Wells Fargo & Co. branch in Los Angeles.
Photographer: Patrick T. Fallon/BloombergWells Fargo & Co. leaders are privately expressing increased concern that a years-long effort to unionize the bank’s employees could soon start notching victories — and have made plans to spend millions addressing the “pain points” that can fuel organizing efforts.
The lender has seen “an increase in organizing activity” by employees working with the Communications Workers of America, according to an internal PowerPoint presentation viewed by Bloomberg News. That comes amid what it called a broader “resurgence” of US union activity.