JPMorgan CEO Jamie Dimon is facing an internal revolt; here's the main reason for it and what workers are planning to do
return-to-office mandate of JPMorgan Chase, several employees are reportedly engaging in numerous discussions about forming a labor union while being inspired by successful efforts at Wells Fargo, reported Fortune.
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According to Barron's, these talks come as the management of JPMorgan has mandated that its 300,000 employees work from the office five days a week which is a move that has eventually sparked severe backlash among staff.
According to Fortune, Wells Fargo has seen a surge in unionization efforts, with employees at nearly two dozen branches successfully joining the Communications Workers of America (CWA) guild. It should be also noted that this movement began last year when workers at an Albuquerque branch voted to unionize while marking a historic moment for the bank.
The unionization push at Wells Fargo has been actually driven by issues such as understaffing and low wages.
In contrast to these ongoing things, the leadership of JPMorgan has dismissed employee concerns regarding the return-to-office policy while stating that it is the best way to run the company, asserted Fortune. However, at the same time, this approach might backfire as employees express severe dissatisfaction and consider organizing for better working conditions.
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