Thread regarding Fidelity Investments layoffs

Why can't Fidelity Employees unionize?

Is it just anti American to unionize or the retaliation from employer towards those who organize is the fear?

I am new to this job but I want to understand why with so much dissatisfied/ disgruntled employees posting multiple times a week about how burnt out they are, why aren't they taking action?

Is it about the litigation costs? I would like to see Fidelity management prove their claims of increased collaboration in a courtroom in front of an objective judge. Or is that not even grounds for a trial? I don't even know, I am so confused.


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| 14 views | | 7 replies (last 1 day ago) | Reply
Post ID: @OP+1m6z172ag

7 replies (most recent on top)

Collective bargaining is about as anti republican as you can get. What do republicans love more than themselves? Money. How many money loving people do you think work here? Lots. You won’t get a union here because the employees don’t want it. But your benefits and pay will stay much much more stable if you’re in one. Plenty of jobs out there have unionized because corporations just take and take and take without concern for the employees wellbeing. Unions are in your best interest, not the company’s. Corporations will continue to encourage their employees to distrust unions on repeat.

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Post ID: @q2+1m6z172ag

Tell me a unionized business in the country with 7% 401k match plus 10% profit sharing and $3k per year retirement contribution on top of generous shares for upper grades?

Go read some history.

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Post ID: @g7+1m6z172ag

You have one bargaining chip. And that's to walk out of the door. When enough people do that, there may be some relief. Until then, we will continue to get squeezed more and more. There is no limit to how difficult they can make this for us. They haven't thought through what would happen when the good people do leave. Dark days are still ahead of us. But hold tight, nothing lasts forever here.

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Post ID: @df+1m6z172ag

There's nothing anti-American about unionizing. The issue is that there's not a union in the country that could walk into a collective bargaining session with Fidelity and come out with a better benefits package than what we have now. A previous poster mentioned this as well. Any union that claims they could get us better than what we already have is lying. Collective bargaining is a huge gamble. Everything is up for grabs.

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Post ID: @ck+1m6z172ag

@OP ok Norma Rae. tell me you're a DSA member without telling me.

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Post ID: @ch+1m6z172ag

Lol.

In a unionized shop a legal injunction to force bargaining would have been general direction things took after RTO was announced. It's too late for that now too because any Union enter be formed with RTO as existing terms.

The reality is that a union would fail to get sufficient members at Fidelity because Fidelity would lever all benefits onto the table as part of any negotiation. Want a Union? Risk sacrificing all retirement benefits, shares, bonuses, etc. and getting into messy collective bargaining process for pay rises. Or maybe even sacrifice an entire office location!

Turkeys don't vote for Thanksgiving. You would never get enough people to sign the ballot. And this is the simplified version of the explanation where the employer isn't using every legal avenue available to make it difficult.

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Post ID: @b7+1m6z172ag

What are you 10? Why would they have to go to court to prove it. It’s their company they make the rules.

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Post ID: @a1+1m6z172ag

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