- Posts by Larry TomlinPartner
An insightful and persuasive advisor, Larry provides legal services to financial institutions of all sizes including commercial banks, thrifts, bank holding companies and public and private corporations. He routinely advises ...
As labor unions continue to target banks and credit unions – employers that, as mentioned in our previous blog, unions historically avoided – employers in the financial industry must be aware of labor law developments. It is critical that employers know and understand the rules of engagement in traditional labor law --- particularly as the law develops under the current administration. What now will trigger an unfair labor practice charge or the ire of the National Labor Relations Board (NLRB) is much different than a few years ago. Additionally, the rules and procedures surrounding a union organizing drive is changing dramatically and evolving into a very pro-union process.
Although labor unions have historically not targeted banks and credit unions for organizing, desperate times call for desperate measures as union membership continues to fall in the United States with only 6.1% of the private sector workforce belonging to a labor organization. While just over 1% of all financial services employees are unionized, there has been an uptick in unionization hitting the financial industry since 2020; with signs of more aggressive action on the part of labor organizations not slowing down.
Recent Union Organizing of Financial Institutions
Recent ...
Welcome to the Labor and Employment Law Update where attorneys from Amundsen Davis blog about management side labor and employment issues.