Thread regarding Wells Fargo & Co. layoffs

How would a union help? OMGZ!

1. Free Benefits
2. Pension
3. Increase to our 401k matching
4. Matching done on daily basis
5. Pay raises across of 11% immediately
6. Annual pay increases at a minimum of 4%, never yo be lesser than 20% over a four year period.
7. 3 employee seats on BOD
8. Increase to PTO and separate allocation of sick time in addition to standard PTO
9. COLA
10. Gym reimbursement
11. Reversal of RTO initiatives

@mtl+1pPBcp0D

Managers are not your problem, executives are. Since shart came along there has been an extreme degree of centralization of authority. Your manager, director, and even lower level LOBs have very little power. It all comes down from the top of the ivory tower in NYC.

UNIONS.......Causes more problems and solves few.

The people who push unions are the ones who would benefit from it. I am talking about those at the head of the union. We would still have high dues and get laid off. I hear poison is bad, I don't have to eat it to find out.

Management has too much power and is corrupt despite the numerous penalties and consent orders. Managers are not being personally and criminally held liable. What other choice do we have?

I’ve never been a real fan of unions due to their lack of oversight, but this company is proof that corporations will sc--w their workers over every chance they get.
A union is the obit way to combat it. I would vote in favor just to spite this company.

Having worked pre and post union, I have personally experienced a vast improvement in pay, protections and incentives when the union was voted in. And it has been shown that when one company unionizes, employees at other companies benefit. We have absolutely no negotiating power at WF right now, so anything a union can do will be an improvement.

As sad as it is, the reality is if you have ANY job that can be done remotely, no matter what the job is, WF is looking to send that job off shore. Education, communication ability, loyalty, certifications will get you nothing. The company sees a person willing to do your job, no matter how poorly, for 1/3 what it costs to hire onshore.

@lij+1pPBcp0D

Shart is 100% of the reason why people are pushing to unionize. Whining here accomplishes nothing. Tell him to stop being a monstrous douche and tormenting his employees constantly and none of us will have to worry about a union.

WF is so bad now, I would join a union just to spite it. How do we get started?

I am a single father who lost my decent bonus over a bad survey because they had bad credit. . A small branch that does not get alot of surveys compared to our counterparts in the district so 1 or 2 bad surveys can cost us money that can buy christmas for my 1 year old. Not to mention that the yearly "raise" is never a sure thing. And most branches get a "budget" on their pay increases they can give. I am ready to fight for what we deserve. They dont care a bit about geographic economics. They may have raised pay across the board but it only is a benefit in certain places.

Outsourcing, particularly on this scale, should be illegal. You should not get subsidies, kickbacks, and incentives from U.S. govt. when your only interest is to hire workers outside the U.S.

The entire system is rigged against the serfs.

You pay high union dues and then still get laid off. Unions are for the blue collar people who earn nearly the same and don't work their way up the corp ladder. Your incentive to work hard and move up goes away first with your co worker upon whom you depend and then yourself, a system of socialism as everyone becomes equal. No rewards for individual talents.

@mjc when was the last time you were in a branch? When I am in one I see the few bankers that are still there spend most of their time playing on their phones. Their give a cr-p is broken. .

@xiy+1pPBcp0D

Thousands of tech people did go out and up skill, now they are getting sla-ghtered in outsourcing/contracting/downsizing.

The truth of the matter is, Hudson Yards doesn't give a damn what skills you have. Are you in the US? Then they want you gone.

Pay is decent, benefits are decent. Not sure I get it. Seems it's more just whining because they're complacent. It's the new way. Why try to better yourself when you can just bi--h and moan?

The union pushers don’t work for the bank. They work for the folks that want to unionize the bank.

If you want higher wages you should absolutely empower yourself. Learning new skills is a fantastic way to be in a position to earn more. If you feel you are undervalued then look for a new job. If no one is willing to pay you what you think you are worth start your own business. If you can’t do any of that there is a reason you can’t get a raise. Spoiler alert…you. The problem is you.

OP,

Because employees' ever-growing list of grievances are all caused by literally a few here-today-gone-tomorrow people in the C suite. Thousands of employees shouldn't have to leave because of a few people that don't know what they're doing.

Unionizing is playing a longer game that would benefit the employee more than rolling the dice in an unknown job somewhere else.

As to what the union would solve, that's negotiable. Potential examples:

• caps on offshore headcount/workforce %
• our benefits being constantly eroded can slow/stop, probably better benefits in fact
• more reliable annual raises. No one wants to hear about their 2% raise while the CEO gets tens of millions. If the bank can afford that, it can afford to pay decent raises to the people that do all of the actual work everyday.
• RTO can be dialed back

And so on.

Just as "serious" as the last few times you asked and pretended that you can't wrap your mind around why people would want higher pay, better benefits, and the smallest bit of empowerment in this climate.

Every union strike this year has resulted in higher pay. I’m sure with all the expense cutting the branch employees are doing more work than ever, like the rest of us.

WF doesn’t care if you quit.

We're beyond worrying about practicalities, at this point it's spite. If Hudson Yards is against it, it's a good idea.

I'm not a union guy myself, but Hudson Yards really should check themselves before it's too late. Unless they were hired to destroy the company, in THAT case everything is going according to plan and they should carry on.