Wal-Mart to Settle 63 Labour Suits for up to $640M

walmartWal-Mart has announced today it will settle 63 labour lawsuits against the company to the tune of $352-$640 million. The charges will be representative in Q4 statements. Wal-Mart says most of these suits were filed years ago and are simply not representative of the company today, or an indication of any wrong doing. Wal-Mart has been accused of forcing employees to work through breaks, among other labour related violations. Wal-Mart more recently settled a 10 year old labour action for $54.25 million which alleged the company cut employee and worker break times in Minnesota. Wal-Mart, who is the world’s biggest retailer, continues to perform well against other retailers during this tuff economic period.


Tags: ,

Questions? Write to Hercules K at hercules@business2press.com

Share
More |
http://bit.ly/aAKhZ

Leave a Reply

blog comments powered by Disqus

RELATED NEWS

    No related posts

Since 2008, with over 700 articles, the Business 2.0 Press has been publishing unique business news, tech news and analysis of your favorite tech firms and top financial intermediaries straight from Bay and Wall streets. Learn more

Join thousands of daily readers, subscribe now

facebookFacebook
twitterTwitter - 7,900+ Followers
rssSubscribe via RSS - 16,700+ Readers

Subscribe by email via Google: