Wal-Mart Stores Inc.

Los Angeles, CA: Wal-Mart Stores Inc. will pay more than $33 million in back wages to thousands of employees after turning itself in to the Labor Department for paying too little in overtime over the past five years, according to an agreement announced by the US Labor Department. The company said it would not seek to recover any overpayments, which were at least $20 per worker made over the last five years. The case, involving nearly 87,000 employees, resulted from Wal-Mart coming to the department in early 2005 and asking for a review of its overtime calculations. The company felt that some of the practices might not have been in compliance with federal wage laws. Authorities said that the overtime settlement was one of the largest ever reached by the department's wage and hour division. Wal-Mart said the settlement includes no fines or penalties and that it has adopted measures to prevent the errors from occurring again. (Jan-26-07) [NWI TIMES: WAL-MART SETTLEMENT]

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