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Investing.com -- A group of 15 Democratic senators led by Arizona’s Ruben Gallego has called on Wells Fargo to stop what they describe as a campaign against employee unionization efforts.
In a letter sent to Wells Fargo CEO Charlie Scharf on Wednesday, the senators argued that a more constructive approach to labor relations could help address what they characterized as a toxic workplace culture and assist the bank in recovering from scandals that have limited its growth.
The senators claimed the fourth-largest U.S. bank has become "significantly more aggressive" in retaliating against employees attempting to organize unions in several states including Arizona, Florida, North Carolina and Wyoming.
According to the letter, six unfair labor charges have been filed against Wells Fargo with the National Labor Relations Board this year.
The lawmakers linked the bank’s history of setting aggressive sales goals to mistreatment of consumers, staffing shortages, and substandard pay, which they said provides employees with incentives to unionize.
"Your employees are entitled to fair wages and safe working conditions," the senators wrote, including the freedom to report "problematic policies." They urged Scharf to "stop this union busting campaign."
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