Retail in Asia

In People

Walmart to pay USD4.8m in unpaid overtime

Wal-Mart Stores Inc agreed to pay USD4.8 million in back wages and damages to thousands of employees for unpaid overtime after a probe by the US Department of Labour found that the retailer had violated a federal law governing overtime pay.

Walmart will also pay USD463,815 in civil fines.

According to the Labour Department, Walmart failed to pay overtime to certain employees, considering them to be exempt from overtime requirements, when they were in fact not exempt.

(Source: CNBC)