Thread regarding Wells Fargo & Co. layoffs

Wells Fargo is a federal contractor and must comply with EO 11246

Being a federal contractor they have additional nondiscrimination rules they must follow.

And they have been sued in the past for violating those rules especially when it comes to labor and discrimination.

NATIONAL ORIGIN discrimination is a BIG nono for a federal contractor. Hiring Indians over americans would be a violation of Executive Order 11246...

Wells Fargo has been sued before for violating this order, and they lost bigly:

https://www.housingwire.com/articles/wells-fargo-settles-allegations-of-discriminating-against-female-african-american-job-applicants/

From the article:
Additionally, the investigation found that Wells Fargo discriminated against 282 African American applicants for phone banker positions in Phoenix.

In doing so, Wells Fargo failed to comply with Executive Order 11246, which prohibits race and s-x discrimination by federal contractors, the Labor Department said.

As part of the settlement with the Labor Department, Wells Fargo will pay $603,612 in back wages, interest and benefits to the affected applicants, but does not admit liability in the matter.

Wells Fargo must also make job offers to 66 of the original applicants (17 in Glen Allen, Virginia, 20 in Salt Lake City, and 29 in Phoenix) as positions become available.

Beyond that, Wells Fargo must “review and revise its selection process and provide better training to its hiring managers to eliminate practices that resulted in the violations,” the Labor Department said.

“Companies that accept federal contracts must monitor their hiring processes to ensure applicants are not rejected based on unlawful practices,” Office of Federal Contract Compliance Programs Regional Director Michele Hodge added

You can read more about executive order 11246 here:
https://en.wikipedia.org/wiki/Executive_Order_11246

It "prohibits federal contractors and federally assisted construction contractors and subcontractors, who do over $10,000 in Government business in one year from discriminating in employment decisions on the basis of race, color, religion, s-x, or NATIONAL ORIGIN

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| 2373 views | | 4 replies (last August 16, 2020) | Reply
Post ID: @OP+16syjG29

4 replies (most recent on top)

Discrimination laws in the US only apply in the US, just like state laws only in that state.

For some reason it is perfectly legal to discriminate against an American, just not the origin of their ancestry. Which is why Americans get fired all the time.

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Post ID: @1nij+16syjG29

WellFargo has terrible track record when it comes to discrimination.

Just a simple google search - you dont see this in internal website cause they dont want other people to also file a lawsuit.

Theres hundreds of them:
https://bfy.tw/Omsg

Here is one from just last week:

https://www.nationalmortgagenews.com/news/wells-fargo-faces-equal-pay-act-lawsuit-alleging-s-x-discrimination
A former employee at Wells Fargo filed a lawsuit against the bank, alleging gender discrimination and unlawful termination in violation of the Equal Pay Act.

In a filing announced Aug. 12, 2020, Raena Krestovnikov claimed Wells Fargo “perpetuates a harsh double standard between male and female employees.” The former mortgage consultant alleged that the company subjected her to a lower compensation structure, awards and benefits compared to her male counterparts, based solely on the grounds of gender.

After raising the issue up the chain of command, the plaintiff alleges the company took punitive measures, resulting in a refusal to pay commissions earned, assigning her accounts to male employees and loss of employment.

"She's alleged that she … asserted her right to retain counsel to have an attorney of her choice look into the matter," Greg Helmer, partner at Helmer Friedman LLP representing the plaintiff, said in an interview.

"After she brought her concerns of discrimination to the management at Wells Fargo, she then alleges she was retaliated against, that her supervisor refused to meet with her to discuss work-related matters and was fired shortly thereafter," Helmer said.

In the outline of submitted complaints, Ms. Krestovnikov states she believes Wells Fargo owes her between $200,000 and $800,000 in unpaid commissions. The plaintiff also alleges the company sent her two letters asking to return $1,000 it claimed to have overpaid her.

In a statement to National Mortgage News, Wells Fargo said it is "reviewing the complaint and can’t comment on this pending legal matter.”

The company representative added that “Wells Fargo opposes discrimination of any kind. Diversity and inclusion is one of our core values and our goal is to embrace and promote diversity and inclusion in all aspects of our business."

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Post ID: @qjs+16syjG29

Paying 600k to settle with almost 300 people is losing bigly? 🤣🤣🤣🤣

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Post ID: @cnv+16syjG29

Completely wrong reading. Hiring where costs are cheaper is not discrimination based on national origin. If, in India they said “no American, East Asians need apply” that would be in violation. You are welcome to apply for the jobs in India and your national origin won’t play a role (your location however, might).

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Post ID: @qte+16syjG29

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