Wells Fargo & Co. is slated to begin the first-ever contract negotiations between a giant US bank and unionized employees, setting the stage for union activity at the lender to ramp up.
Wells Fargo and workers on Tuesday will kick off three days of scheduled bargaining talks at a branch in Albuquerque, N.M. The Eldorado branch in Albuquerque voted to join the Communications Workers of America’s Wells Fargo Workers United last December, making it the first branch of a big US bank to unionize.
With contract talks on tap, the Albuquerque branch has again drawn the attention of Wells Fargo employees around the country who voted to form a union at their branch or corporate office—or who are considering doing so.
A successful contract negotiation could spur even more movement, said Anne Marie Lofaso, a law professor at West Virginia University.
“These first contracts very often set the tone for how successful future union campaigns will be in the case where there’s all these satellites,” Lofaso, a longtime National Labor Relations Board attorney, said.
Workers are attempting to negotiate a national contract that other branches around the country could then ratify, assembling a five-member bargaining team with one employee from the Eldorado branch, as well as two from Florida, one from Delaware, and one from California.
“Our goal is to get to a national...
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