• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

NYC car washers clean up with $4.7 million in OT settlements

by on
in Leaders & Managers,Management Training

The parent corporation of several New York City area car washes has agreed to settle overtime claims from 1,187 current and former employees for $3.4 million.

Coupled with a previous settlement with 200 workers for more than $1.3 million, Lage Management has paid out more than $4.7 million in back pay and liquidated damages.

Rather than pursue a massive Fair Labor Standards Act suit in court, Lage agreed to settle under terms brokered by the U.S. Department of Labor’s Wage and Hour Division. The Labor Department may appoint a receiver to administer payments to the employees and, if necessary, liquidate company assets.

Note: Clearly, Department of Labor regulators are in no mood to cut employers slack on overtime payments. They consider their enforcement role a key portion of the Obama administration’s economic stimulus program.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/9955/nyc-car-washers-clean-up-with-47-million-in-ot-settlements "

Leave a Comment