Wal-Mart has settled a class action lawsuit and agreed to pay $86 million to terminated workers. The settlement includes $12 million in vacation pay and $74 million in unpaid wages. Approximately 232,000 workers will share in the settlement. According to Wal-Mart’s financial statement, the settlement equates to two days of after-tax profits for the company.
The suit was initiated in California in 2006 by former workers who alleged the company did not pay a variety of wages that were required under California law. As part of the settlement, Wal-Mart did not agree that the wages remained unpaid. Wal-Mart currently has at least one other class action pending against it.
Wal-Mart settles wage class action over Calif. workers | Business Insurance