Coca-Cola has settled a race bias class action lawsuit for an unprecedented $192.5 million. The case was brought by 2,000 African-American workers who claimed they were systematically bypassed for raises and promotions. Coke has also agreed to a complex company-wide restructuring plan with pay equity adjustments phased in over 10 years. Plus, Coke will link the compensation of senior managers to the company’s diversity performance and set up an independent oversight panel with limited authority to change company personnel policies.
Practical HR Tips, News & Advice. Updated Daily.