The world’s largest accounting firm, PricewaterhouseCoopers LLP, announced it will pay retroactive overtime to its Canadian staff. The move will see current and former employees finally receive compensation for unpaid overtime worked. The payment structure varies, however, it is unavailable to managers, chartered accounts, as well as other who match the criteria outlined in PwC’s letter to employees seen here.
The announcement comes on the heels of two pending unpaid overtime class action suits against major Canadian banks CIBC and Scotiabank. For more information about the CIBC and Scotiabank suits, see my article Scotiabank becomes the newest class action defendant.