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Wells Fargo workers form 1st union at a US megabank

Wells Fargo workers form 1st union at a US megabank

ABC News
Thursday, December 21, 2023 05:13:51 PM UTC

Employees at a Wells Fargo branch in Albuquerque, New Mexico, voted to unionize.

Workers at a Wells Fargo branch in New Mexico voted to form a union late Wednesday, becoming the first employees at a U.S. megabank to unionize.

Employees at an Albuquerque location favored unionization by a margin of 5-3, establishing a small outpost for organized labor at a company that operates more than 4,000 branches and employs over 225,000 workers in the U.S.

The union breakthrough arrives as Wells Fargo faces a wider labor campaign. Two branches, one in Daytona Beach, Florida, and another in Atwater, California, have filed petitions for union representation that could trigger balloting, according to information from the National Labor Relations Board shared with ABC News.

In response to ABC News' request for comment, a Wells Fargo spokesperson said the company opposes unionization but acknowledged that the decision lies with employees.

"We respect our employees' rights to vote for union representation," the spokesperson said. "At the same time, we continue to believe our employees are best served by working directly with the company and its leadership."

Read full story on ABC News
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