(Reuters) -Workers at two Wells Fargo bank branches are planning to launch unionization efforts on Monday, the Wall Street Journal reported, citing employees’ statements.
Employees in Albuquerque, New Mexico and Bethel, Alaska said they would notify the National Labor Relations Board that they plan to hold elections to decide whether to unionize, the report said.
The report comes as labor action in the United States has picked up pace this year, with unions confronting companies across industries like automotive, entertainment and aerospace.
The financial industry, however, has been largely insulated from such unionization efforts for decades.
“We have a deep commitment to invest in and support everyone who works at Wells Fargo … have significantly improved compensation and benefits for our lower paid employees in recent years,” Saul Van Beurden, CEO of Wells Fargo’s consumer, small and business banking, said on Monday.
Beurden also highlighted investments the bank had made for employees over the past four years, like increasing staffing levels and bumping up median base salaries.
(Reporting by Niket Nishant in Bengaluru; Editing by Anil D’Silva and Shounak Dasgupta)
