U.S. DoL Says Deere & Co Resolves Alleged Hiring Discrimination, Pays $1.1M In Back Wages, Interest To Affected Black, Hispanic Jobseekers
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Deere & Co has resolved alleged hiring discrimination claims by the U.S. Department of Labor, agreeing to pay $1.1 million in back wages and interest to affected Black and Hispanic jobseekers.

June 06, 2024 | 5:09 pm
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Deere & Co has settled alleged hiring discrimination claims with the U.S. Department of Labor, agreeing to pay $1.1 million in back wages and interest to affected Black and Hispanic jobseekers.
The resolution of the hiring discrimination claims and the payment of $1.1 million in back wages and interest may have a neutral short-term impact on Deere & Co's stock price. While the settlement addresses a significant legal and corporate responsibility issue, the financial impact is relatively small for a company of Deere's size.
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