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Wells Fargo is awarding a bonus of $1,000 to many of its lower-paid employees — a one-time cash grant that comes amid a unionization push at the megabank.
The $1.9 trillion-asset company notified U.S. workers this week that they are eligible for the special cash award if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000. In addition, employees must meet certain criteria related to job performance and conduct.
Kevin Wack is the Banking Editor at American Banker, leading the publication's coverage of large, regional and community banks. He also writes regularly about business, regulatory and legal issues … Read full bio
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From medical bills to car repairs, small expenses can create major stress for workers. Employers are responding with new emergency support programs.
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