CVS Pharmacy to Pay Labor Penalties

By Associated Press
December 10, 2007 | Comments (0)

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CVS Pharmacy Inc., a division of CVS Caremark Corp., has agreed to pay $226,598 in penalties following an investigation by the U.S. Department of Labor citing violations of wage and youth labor laws, the department said Monday.

Of 63 Northeastern U.S. locations investigated, the department said 43 stores were found to have violations under the Fair Labor Standards Act.

The department said 78 minors had been exposed to hazardous working conditions including loading and operation of cardboard compacters and bailers. Seven minors were in violation of time standards and 51 employees were owed back wages _ mostly due to improper editing of timecards by store managers, the department said.

CVS shares slipped 5 cents to $39.99 in afternoon trading.

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11/9/2009 4:02 PM
CVS $30.90 Up +1.11 +3.73%
CVS Caremark Corp CAPS Rating: ****

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