Wells Fargo Employees at Two Branches File for Union Elections

The move marks a significant step in efforts to unionize the banking industry, with other branches and divisions also expressing interest in forming unions.

Employees at two Wells Fargo branches in Albuquerque, New Mexico, and Bethel, Alaska, have filed for union elections, marking a significant step in efforts to unionize the country's fourth-largest bank.
Organizers claim they have the necessary votes for workers to unionize at both branches. If approved, this would bring more unions to an industry not accustomed to them: banking.
Employees at other Wells Fargo branches and divisions have also expressed interest in forming unions, citing a need for better pay and working conditions.
Wells Fargo's CEO of consumer and business banking, Saul Van Beurden, stated that the bank has significantly improved pay and benefits for lower-paid employees, including increasing median base salaries by 26% for those earning less than $50,000.
The push to unionize is happening at a bank that's spent years recovering from regulatory scandals, most notably sales practices that led employees to open fake accounts for consumers.