Wells Fargo workers’ union effort pushes shareholder proposal

Proxy advisers Institutional Shareholder Services and Glass Lewis have recommended voting in favor of a policy recognizing workers’ rights to organize

BankingDive:

More than 700 Wells Fargo employees in 29 states are involved in an effort to unionize the bank — which, if successful, would become the first of the nation’s largest banks with a unionized workforce.

At a Zoom press conference Tuesday, members of Wells Fargo Workers United, backed by the Committee for Better Banks, called on Wells Fargo shareholders to pass a Freedom of Association policy that recognizes workers’ rights to organize, bargain and form a union.

Meghan Merez, a Wells Fargo customer resolution representative in the mediation department based in Hillsborough, Oregon said, “I think being in a union would help us by giving us a voice, and being able to have our concerns taken seriously.”