Chicago Bank to Pay $14 Million In Resolving Discrimination Case
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A large Chicago bank has agreed to pay $14 million in back pay to women and minority employees as part of a record settlement of Federal charges of sexual and racial discrimination. A large Chicago bank has agreed to pay $14 million in back pay to women and minority employees as part of a record settlement of Federal charges of sexual and racial discrimination. But in announcing the settlement today, the Harris Trust and Savings Bank continued to deny the Government’s allegation that the employees had faced discrimination. The Labor Department, which brought the charges, said the settlement was the largest amount of back pay ever obtained in a Federal discrimination case. It is also the most money recovered under a 1965 executive order that bars companies doing business with the Federal Government from discriminating in hiring and promotion, the department said. More : query.nytimes.com |