The Company Will Take Steps to Continue Fulfilling Commitment to
Equal Opportunity;
No Findings in Litigation of
Liability or Wrongdoing
HAMILTON, Bermuda--(BUSINESS WIRE)--
Signet Jewelers Limited (“Signet”) (NYSE:SIG), the world's largest
retailer of diamond jewelry, announced today that it had reached an
agreement with the Equal Employment Opportunity Commission (EEOC) to
resolve all claims related to the pay and promotion of female retail
sales employees at the company in EEOC v. Sterling Jewelers Inc.
The Consent
Decree states there were “no findings of liability or wrongdoing,”
and does not require the company to pay a monetary award.
“We are pleased to have resolved this matter with the EEOC,” said Lynn
Dennison, Signet Chief Legal, Risk and Corporate Affairs Officer.
“Signet has a sound framework of policies and practices designed to
ensure equal opportunity for women and we do not tolerate discrimination
of any kind. The additional steps agreed to as part of the Consent
Decree with the EEOC are consistent with our commitment to continuous
review and improvement.”
Last month, Signet announced several actions to ensure company policies
and practices are functioning as intended and to identify areas where
the company can further improve. Those actions included the formation of
a new Board Committee focused on programs and policies to promote
respect in the workplace. Last week, the Committee appointed former U.S.
District Court Judge Barbara S. Jones to serve as an independent
consultant.
About Signet Jewelers:
Signet Jewelers Limited is the world's largest retailer of diamond
jewelry. Signet operates approximately 3,600 stores primarily under the
name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry,
H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. Further information
on Signet is available at www.signetjewelers.com.
See also www.kay.com,
www.zales.com,
www.jared.com,
www.hsamuel.co.uk,
www.ernestjones.co.uk,
www.peoplesjewellers.com
and www.pagoda.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170505005532/en/
Source: Signet Jewelers Limited