British-based bank and financial services provider Barclays is expected to reveal shortly that in 2012 it paid up to 700 of its employee a salary of £1 million or more. Reportedly, the bank will, for the first time, provide an outline of its pay brackets relative to its 140,000 staff when it releases its annual report in early March 2013. According to FT, analysts believe the move has the potential to produce a radical shift in the banking sector's treatment of pay transparency.
A number of multinational banking and financial services groups will reform their remuneration schemes in response to scrutiny from shareholders, regulators and the general public, according to news sources. Financial Times (FT) reports that banking and financial services provider Citigroup has set increased targets for chief executive Mike Corbat to receive pay bonuses, since investors have expressed dissatisfaction with the group's executive pay plan relative to its long-term decreased profits.
Oxfam International (Oxfam) has made available 166 Oxfam Briefing Paper: Behind the Brands - Food justice and the 'Big 10' food and beverage companies (26 February 2013), which ranks "[t]he social and environmental policies of the world's ten biggest food and beverage giants". Oxfam executive director Jeremy Hobbs stated that the paper finds that despite commendable commitments made to sustainability, the corporations continue to uphold "a 100-year legacy of relying on cheap land and labor to make mass products at huge profits, with unacceptably high social and environmental costs".
In New Zealand (NZ), The Southland Times reports that publishing company Haldeman will pay a United States-born woman over NZ$35,000 after it fired her on basis that she was a Nazi sympathiser. The Employment Relations Authority (ERA) in the NZ Department of Labour reportedly has ruled Mia Nelson neither holds neo-Nazi views nor attempted to propagate Nazi ideas at her former Haldeman office, where she worked as a writer and researcher.
The Norwegian data protection authority Datatilsynet has made available Supreme Court Judgment: HR-2013-002340A (31 January 2013 - Norwegian language version available only), concerning the use of GPS data by the company Waste Services to track the whereabouts of its vehicles and to use this data to process timesheets for the payment of wages.
The United States (US) Department of Labor (DoL) has announced that a group of 15 Boston restaurants and their owners will settle alleged breaches of the Fair Labor Standards Act (FLSA) by paying US$212,000 in back-wages to 409 employees and another US$212,000 in liquidated damages. The DoL wage and hour division (WHD) found that many of the underpaid employees, including contract laborers, had been paid their regular rates when working over 40 hours per week, instead of time and a half as required by the FLSA.
The United States (US) Equal Employment Opportunity Commission (EEOC) has announced that Reed Pierce's Sportsman's Grille (Reed Pierce's), will "pay US$20,000 and furnish other relief" after it was charged with terminating the employment of Melody McKinley "without warning and without prior disciplinary action" when she was four months pregnant and was demonstrating full capability and commitment to carrying out her work. Reed Pierce's notified Ms McKinley of her termination after she had been taken off the weekly roster, telling her "[t]he baby is taking its toll on you".
The United States (US) Equal Employment Opportunity Commission (EEOC) has announced that Chicago-based bar and grill South Loop Club (SLC) has agreed to pay US$100,000 to settle a sexual harassment and retaliation case brought against it by the EEOC. According to the EEOC, SLC "fostered a culture where sexual harassment and retaliation against female employees went unchecked".
The United States (US) Department of Labor (DoL) has announced that assistance and enhanced information services provider kgb USA has been ordered by the US District Court for the Eastern District of Pennsylvania to pay US$1.3 million in minimum wage compensation to 14,568 of its current and former employees nationwide for breaching the Fair Labor Standards Act (FLSA).
The United States (US) Department of Justice (DoJ) has announced that healthcare staffing company Avant Healthcare Professionals (Avant) has agreed to pay US$27,750 in civil penalties following allegations that the company used discriminatory recruiting methods. According to a DoJ investigation, Avant posted hundreds of online job advertisements which favoured foreign nationals seeking permanent residency or an employment visa sponsorship over US citizens, in breach of the Immigration and Nationality Act.
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