Archive for the ‘santander’ tag
Too Big Not To Organize – I totally agree organize the US Financial sector
When Santander acquired Sovereign, it immediately laid off 23 percent of its new subsidiary’s workers. The company cut pay, slashed hours and doubled the cost of healthcare for workers. Sovereign workers knew they had to do something, so they approached SEIU last spring to help them organize.
via Too Big Not To Organize — In These Times.
Santander has responded to efforts at organizing by firings and union-busting activities.
I think this paragraph really says it all:
Santander bank branches are on average 75-percent unionized outside the United States, according to UNI Global Union Finance Director Oliver Roethig because most other industrialized nations have unionized banking sectors. In the United States, however, less than 1 percent of all front-office bank workers are organized. In fact, the unionized janitors working for contractors that clean Sovereign Bank’s headquarters in Boston, Mass., often make more than the bank tellers and personal bankers, whose average wage is $10-$12 dollars per hour, despite individually producing millions of dollars in profits for the bank each year.
