BJ's Wholesale reaches settlement in job classification claim
BJ's Wholesale Club has recorded an $11.7M pre-tax charge in connection with settling a claim relating to the classification of various employees as exempt from overtime wages. Under the settlement, which still must be approved by the federal court, certain current and former mid-level managers will be eligible to receive payments to compensate them for particular hours worked in prior years. :theflyonthewall.com
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