Wednesday, May 2, 2012

Wal-Mart Must Pay $4.8 Million For Screwing Workers Out Of Overtime Wages

As if the embarrassing bribery cover-up scandal in Mexico hasn't sparked enough bad PR for the Walmart, the U.S. Department of Labor has now ordered the company to pay $4.8 million in back wages and damages to around 4,500 employees who were screwed out of overtime charges.
The affected employees are vision center managers and asset protection coordinators.
From the DoL release:
"Wal-Mart Stores Inc., headquartered in Bentonville, Ark., has agreed to pay $4,828,442 in back wages and damages to more than 4,500 employees nationwide following an investigation by the U.S. Department of Labor's Wage and Hour Division that found violations of the federal Fair Labor Standards Act's overtime provisions. Additionally, Wal-Mart will pay $463,815 in civil money penalties.
The violations affected current and former vision center managers and asset protection coordinators at Wal-Mart Discount Stores, Wal-Mart Supercenters, Neighborhood Markets and Sam's Club warehouses. Wal-Mart failed to compensate these employees with overtime pay, considering them to be exempt from the FLSA's overtime requirements. The Labor Department's investigation found that the employees are nonexempt and consequently due overtime pay for any hours worked beyond 40 in a week."
NOW SEE: 16 Facts About Walmart That Will Blow Your Mind >

Read more: http://finance.yahoo.com/news/wal-mart-must-pay-4-152300448.html

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