In reaction to the news that Santander Bank would raise its minimum wage to $15 an hour, Teresa Casertano—global organizing coordinator with the Communications Workers of America, a lead organization in the Committee for Better Banks—released the following statement:
“Santander is one of the last banks to institute a $15 minimum wage, raising pay only after the industry’s largest banks and smaller regional banksalso responded to calls for higher wages from bank tellers and call center workers across the country. We know this wouldn’t have happened without workers and communities standing up together for $15 and building a movement to change on our country’s most profitable industries.
“While today marks a step forward for some families, it appears that there are still many Santander employees in Puerto Rico and at Santander Consumer, the nation’s largest subprime autolender, fighting for $15. Across Santander’s entire footprint, more than 15,000 are fighting for right to join together to improve their jobs, end predatory practices, and ensure that all Santander workers have a living wage.”