Axios: "A third Wells Fargo branch files for a union election"
Bankers at a Wells Fargo branch in Daytona Beach, Florida, took a key step toward unionizing on Wednesday morning by notifying the National Labor Relations Board that they plan to hold union elections.
Why it matters: It's the third Wells Fargo branch to move toward union elections — a sign that organizing efforts are gaining steam within the bank, the fourth largest in the country.
- Wells is the only big bank in the U.S. facing serious unionization efforts, as the industry remains relatively untouched by organizing.
- Only about 1% of workers in the financial industry are in unions.
- Wells bankers are organizing with the support of the Communications Workers of America.