Home » Industrial relations » National industrial relations » United States: employees of Beneficial bank to join union United States: employees of Beneficial bank to join union California-based bank Beneficial, which was co-founded by billionaire Tom Steyer, a philanthropist who recently dropped out of the race for the Democratic nomination for the 2020 US Presidential Election, has opened its doors to the Communications Workers of America (CWA). The trade union relied on the work done by the Committee for Better Banks, a coalition of employees, unions, consumer groups and churches set up in 2014 to address the lack of union presence in the banking profession. The CWA says its presence at Beneficial represents a historic victory in the banking sector but adds that there is still a long way to go. Through . Published on 06 March 2020 Ă 13h12 - Update on 06 March 2020 Ă 13h12 Resources More than 100 employees of a small California bank, Beneficial State Bank, have just joined a union, the Communications Workers of America, which has called the development a historic victory. The US finance sector has a very low level of employee organisation, with a unionisation rate of just 1.1%. You have to go back 40 years to find an instance of a bank recognising employee organisation.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.CommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels