Following an almost decade long legal fight, Scotiabank’s been ordered to pay out $20.6-million to roughly 1,600 employees, who claimed they were required to work unpaid overtime.
The lawsuit was originally settled two years ago and since then, about $18.7-million has been distributed among 600 workers.
But the other 1,600 were out of luck – until now.
Their lawyer says, ”Scotiabank has confirmed in a very material way that it does recognize the significant contributions of its employees over many years. Let’s hope that it inspires the same recognition at other employers across Canada.
In addition to the settlement, the bank’s on the hook for $12.5-million in legal fees.
A spokesman for Scotiabank says it is pleased to reach the final stage in the matter.
The lawsuit was filed in 2007 by Cindy Fulawka who alleged Scotiabank breached the minimum standards of overtime compensation provided for by the Canada Labour Code, as well as employment contracts and that the bank was unjustly enriched by keeping money for itself that should have been paid as wages.