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| Walmart Settles Huge Overtime Case January 26, 2007, 1:27 PM PST Wal-Mart will pay 33 (m) million dollars in back wages to thousands of employees. It had turned itself in to the Labor Department for paying too little in overtime, according to the agreement announced by the government. Department official Steven Mandel says the case, involving nearly 87-thousand employees, resulted from Wal-Mart coming to the department in early 2005 and asking for a review of its overtime calculations. Mandel says the settlement is one of the largest ever reached by the department's wage and hour division. The national review of all Wal-Mart stores took place over two-years beginning in February 2005. The settlement was approved today by a federal judge in Arkansas, the retailer's home state. The highest award to an individual employee is said to have been about 39-thousand dollars. To find out if your due a settlement check you can go to the web site below and it will let you know. http://www.dol.settlement.wal-mart.com/ |
| Jan 30 | Critics, Wal-Mart Spar Over Leaked Memo On Worker Hours (Dow Jones) |
| Jan 30 | Critics, Wal-Mart spar over leaked memo (AFX International Focus) |
| Jan 30 | Wal-Mart seen shaking up management - again (CNNMoney.com) |
| Jan 30 | Brazil 2006 Supermarket Sales Sink 1.65% Vs 2005 - Abras (Dow Jones) |
| Jan 30 | UPDATE 1-Wal-Mart shakes up management-Advertising Age (Reuters) |
| Jan 30 | Wal-Mart shakes up management-Advertising Age (Reuters) |
| Jan 30 | Japan's Seiyu widens FY net loss forecast to 55.8 bln yen from 54.5 bln yen (AFX International Focus) |
| Jan 29 | UPDATE 1-Wal-Mart Japan unit sees wider net loss in 2006 (Reuters) |
| Jan 29 | Wal-Mart Japan unit sees wider net loss in 2006 (Reuters) |
| Jan 29 | House creates bill to head off Wal-Mart bank (CNNMoney.com) |
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