Goldman will pay 196 million to 2,800 employees for a discrimination case

the american bank Goldman Sachs will pay 215 million dollars (196 million euros) for a labor problem and discrimination based on sex more than 10 years ago. The plaintiffs and the bank signed a preliminary agreement where the payment was agreed by the institution so as not to give rise to the scheduled trial. In it, it would try to provide the difficulties that were presented, in this case to women, as lower salaries or with the way of evaluating them.

The complaint was filed four executiveswhich represented 2,800 women who work or have worked in three divisions of the financial giant: investment banking, investment management or security division, which argued a policy of “collective gender discrimination”.

Terms of agreement

The agreement assumes that 71 million of the agreed amount will go to cover legal costs, while the rest will be distributed among the complainants, who will receive on average $47,000 eachaccording to the calculation of the New York Post.

But it also forces bank to a commitment to external evaluation (by “independent experts”) of its policies for three years to ensure that the evaluation and promotion processes yield “accurate, reliable and unbiased results”, in addition to other studies on “equity payment” to avoid any kind of wage gap.

He agreement It suggests that some of the most systematically denounced actions occur in the highest segments of the ladder, since it specifies that “the promotion processes from vice president to managing director” must be specifically monitored.

One of the original complainants, Allison Shrimpstated: “My goal in this case was always to support the strong women of Wall Street (the financial sector), and I am pleased that the result achieved advances gender equality.”

Relieved to avoid a trial that could have exposed all his practices with his own female staff, Goldman Sachs had a spokeswoman speak on his behalf, who said the bank “is proud of its long history of promoting and advance women and remains committed to ensuring a diverse and inclusive workplace for all of our people.”

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