16 hours ago

Committee for Better Banks

Yesterday we joined an official panel at the United Nations to discuss how can having a voice on the job make the finance industry a more sustainable and inclusive sector, including what are the roles of bank workers in regulating it. Thanks to the workers and allies who joined us! #BetterBanks. ...

Yesterday we joined an official panel at the United Nations to discuss how can having a voice on the job make the finance industry a more sustainable and inclusive sector, including what are the roles of bank workers in regulating it. Thanks to the workers and allies who joined us!  #BetterBanks.Image attachmentImage attachment

 

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So far as understanding is concern, this is not a Global issue. It is rather unique to our corporate laws. Once you are a corporate employee, you should be automatically a corporate citizen. However your citizenship is at will. That means you and the person we call corporation can end your citizenship at will. That has happen to me and many others after working for a bank for 13 years or more. Nations do not have corporate behaviors and are there to protect their citizens and negotiate for healthier, better and secure life. Corporate are profit maximizers and can end corporate citizenship at will if that is part of their profit maximization strategy. Observe and compare how Santander behaves in Spain toward its worker in comparison to her American workers. The same with TD Bank. Compare among others, maternity, vacation, pension, pay and health and you will see we do not have Global issue we have laws that corporations adhere to religiously here and like all other social contracts it is an accepted behavior.

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Yesterday, Wells Fargo announced plans to cut 10 percent of its workforce over the next three years. This will result in as many as 26,500 jobs being eliminated at the nation's third-largest bank. The move is part of Wells Fargo's "ongoing transformation, which addresses industry trends and changes in customer behavior."

Have you heard about this? What are your thoughts? #BetterBanks

Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years
The beleaguered bank announced it would cut up to 10 percent of its workforce over the next three years
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Not surprising and hopefully that takes place in the community bank. There are far too many branches with a lot of employees who still value sales over people.

Jose Soto Lizzy M. Cano Christy Mendoza Mariah Reed

With the saved money they can keep paying these checks 😂

Not at all surprising

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