Texaco Women Get a Settlement
IT'S SMALL POTATOES compared with the $176 million settlement that ended a racial discrimination suit against Texaco (TX) in 1996. But the oil giant's agreement on Jan. 6 to pay $3.1 million to 186 female employees who were underpaid from 1993 to 1996--the largest such deal ever reached, the Labor Dept. says--suggests that the feds are trying to step up efforts to combat gender bias in the workplace. The company, which notes there was no federal finding of labor law violations, was targeted by Labor after a 1995 audit. Routine examinations of federal contractors such as Texaco increased from 10 in 1993 to 40 in 1998, says Labor.
EDITED BY KELLEY HOLLAND
Updated Jan. 7, 1999 by bwwebmaster
Copyright 1999, Bloomberg L.P.