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WASHINGTON — Democratic lawmakers on Thursday praised employees at a New Mexico department of Wells Fargo for turning into the primary department of the nation’s fourth-largest financial institution to unionize.
“Your success brings the struggle for the Dignity of Work on to Wall Road’s entrance door,” mentioned Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee.
“I stay up for watching your motion develop from department to department throughout the nation,” Brown mentioned in his assertion.
Staff on the financial institution’s Albuquerque department voted 5 to three on Wednesday to unionize below the Communications Staff of America’s Wells Fargo Staff United.
The vote made Wells Fargo the primary main U.S. lender with a unionized workforce.
“That is the primary union at an enormous financial institution within the nation! #UnionStrong,” Rep. Melanie Stansbury, a New Mexico Democrat, wrote in a put up on the social media web site X, previously generally known as Twitter.
The organizing transfer follows profitable negotiations by the United Auto Staff, SAG-AFTRA and the Writers Guild of America after weeks of strikes earlier this yr.
However employees at an Alaska Wells Fargo department final week withdrew a petition to kind a union.
Wells Fargo was among the many banks eyed in an industry-wide investigation into discriminatory mortgage lending in 2022.
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