Rebecca Ungarino at Barron’s reports on a formal drive by some Staff to start a Union at JPMorgan, America’s largest Bank. In addition to preserving strong resource groups, the Union - the JPMC Workers Alliance, is calling for better pay, more flexibility in work arrangements and what they say is a fairer process for handling medical accommodation requests. However, the JPMC Workers Alliance is likely to face a long, uphill battle in winning explicit concessions from the Bank’s management. Still, a small but growing Union drive represents a sea change for labor relations at America’s largest bank and the industry at large. The U.S. Finance Industry has the lowest Unionization rate of all Private Sector Industries tracked by the Bureau of Labor Statistics (BLS), at 0.8%. In 2021, the Committee for Better Banks, a Unit of the Communications Workers of America (CWA), secured the first industry Union contract in four decades at Beneficial State Bank, the small lender co-founded by former Democratic Presidential Candidate Tom Steyer. For a big Bank, Wells Fargo offers the only blueprint in the U.S. for forming a Union. Its Employees are also working with the Committee for Better Banks.

To Read This Labor News Story In Its Entirety, Go To: A Union Push at JPMorgan Reveals Tensions Inside America’s Largest Bank