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Former Employees File Class Action Against Wells Fargo

Former Employees File Class Action Against Wells Fargo

Two former Wells Fargo & Co employees are requesting $2.6 billion or more for workers who tried to meet the sales quota ethically but were later forced to resign and fired. The lawsuit includes current employee and emphasises on those who followed the rules and were penalised for not meeting sales quotas.

“Two former Wells Fargo & Co employees are requesting $2.6 billion or more for workers who tried to meet the sales quota ethically but were later demoted, forced to resign and fired.”

~Reuters

The former employees have accused Wells Fargo managers often pressured them to meet 10 accounts per day targets and required progress reports daily and scolded workers who fell short of their targets.

Related Reports: Reuters, The Guardian 

 

About Wells Fargo

In 1852, Henry Wells and William Fargo founded WellsFargo & Co. to serve the West. The new company offered banking (buying gold and selling paper bank drafts as good as gold) and express (rapid delivery of the gold and anything else valuable).

Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo’s agents opened offices in the other new cities and mining camps of the West. In the boom and bust economy of the 1850s, Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people’s money. In the 1860s, it earned everlasting fame — and its corporate symbol — with the grand adventure of the overland stagecoach line.

Visit: Wells Fargo

 


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