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Uber Technologies Inc (NYSE:UBER) Agrees For A $4.4 Million Settlement With The US EEOC In A Sexual Discrimination Issue

Uber Technologies Inc (NYSE:UBER) will pay $4.4 million as part of the settlement with the US Equal Employment Opportunity Commission on issues related to sexual discrimination. The Federal agency concluded that the company allowed sexual harassment against those individuals, who informed the authorities about such issues.

Sexual harassment victims to receive compensation

The Federal Agency will use the funds to compensate for the sexual harassment victims of Uber and those faced the retaliation measures after January 1, 2014. Uber will prevent such acts in the future by strengthening its business culture. It will form a committee to identify employees, who are subjected to retaliation and sexual harassment on more than one count. The company will also probe managers, who failed to act on such harassment complaints. A third-party agency will monitor the company’s response for three to act according to the settlement.

Female employees to receive notices

All the female employees, who worked between January 1, 2014, and June 30, 2019, at Uber at any point, will receive a communication about the settlement. Tony West, the chief legal officer at Uber, said the company has put in significant efforts so that all the employees shall thrive at Uber. The company will put in place accountability and fairness in all of the practices. Tony is excited to work with the EEOC jointly to further strengthen its efforts.

The federal agency began the probe into the sexual harassment, wages, and hiring practices of Uber in August 2017. A report published in Wall Street in July 2018, has brought to the notice of the public about those horrendous practices at Uber. The company is under intense scrutiny over its alleged sexual harassment and related instances at the workplace and how it handles those issues.

Uber removes CEO and founder

Uber has removed Travis Kalanick, the former Chief Executive Officer and the founder, in June 2018, after an employee exposed about the experience of sexism and the suffering at workplace. It has lead to the investigation by Genera Eric Holder, the former US Attorney, into the work environment at Uber. The company also pushed out the other two executives, who mishandled the discrimination claims.

Uber and Ola are not safe for women

The technology has brought convenience and comfort for the people. However, women passengers are facing troubles at the ride-sharing companies Ola and Uber. To be on the safer side, the women passengers have to receive a link to track the ride and details of the driver before getting into those cabs. Women have experienced rape, sexual harassment, and other atrocities in the past few years on these ride-sharing companies operated vehicles.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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