We were extremely disappointed that the Wells Fargo management team, at the last minute, reneged on their commitment to meet with Wells Fargo employees who are members of the Committee for Better Banks. We called on a powerful ally, President Chris Shelton of the Communications Workers of America, who wrote a public letter to Tim Sloan calling out Wells Fargo deceptive communication regarding our November meeting. Read the letter here --> buff.ly/2FtwYGm
What are your thoughts? #BetterBanks
A meeting to discuss the “harsh and stressful working conditions” ....
I mean is anyone shocked they robbed their customers and employees for the better part of a decade
Bank of America, Wells Fargo, and Morgan Stanley are among the ten large corporations that have paid out the most in employment
discrimination and harassment penalties, according to a new report by Good Jobs First.
What are your thoughts? www.goodjobsfirst.org/biasThree megabanks are among the ten large corporations that have paid out the most in employment discrimination and harassment penalties: #BankofAmerica, #MorganStanley & #WellsFargo. goodjobsfirst.org/bias
Two years after the scandal, Wells Fargo is cutting up to 26,500 jobs and shutting hundreds of branches. Despite these challenges, Wells Fargo has lavished shareholders with aggressive share buybacks. Wells Fargo shelled out $7.4 billion to repurchase its stock in the third quarter of last year, nearly triple what it spent the year before.
What are your thoughts? Should Wells Fargo be more concerned about its shareholders, or about the employees and customers who have been negatively impacted by the bank's issues? #BetterBanks
Wells Fargo has splurged on stock buybacks since fake-accounts scandal
cnn.com
Wells Fargo's average quarterly buybacks have jumped by 45% in the eight quarters since the fake-accounts scandal erupted.Do you feel pressure to work a second job to pay your bills because you aren't making enough money at your bank? #BetterBanks buff.ly/2F9Oxu8
Actually considering a second job right now.
You see Human Resources make an offer, you know they are using you but you are hoping it is an entry level and once you go in the sky is the limit. You go in and see walls and barriers that only the few trusted one can ignore, the rest are struggling to learn that it is not what you know it is who you know and if you have birth right then you are in the good side. That that is my dear committee by design.
Wells Fargo laid off hundreds of U.S. employees last year, and pushed many jobs overseas. Tim Sloan says they moved jobs overseas, so customers can have someone working during a 24-hour day.
Is Wells Fargo trying to cut cost at the expense of workers here in the US? Do you know someone who would pick up a night shift to make more money?
Chase is about to let go people on the phone center because they started a new phone center in the Philippines, they aren’t the only ones!
I've said all along nothing has changed for any bank worker.
They already have people in the U.S. working customer service and fraud 24/7. The bulk of the jobs cut and sent over to India were in Home Mortgage. It had nothing to do with being available 24/7 and it had everything to do with reducing labor costs at the expense of workers In the U.S. I was at the meeting where they pitched this idea to everyone as “an exciting new opportunity”. No one at any point in time was ever asked if they wanted to work second or third shift.
You can’t have workers in the states who work 3rd shift...
Keaton James Covillo
When I started working in the bank in early 90s. I was working a 3rd shift at bankboston call center so I could look after the kids in the morning when my wife went to work. Without that shift for a year we could not save up for a house down payment.
You can find plenty of qualified people that would work the 3rd shift. Especially if they have kids. But you know....profits wouldn't be so high.