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3M to Pay $3 Million in Age Bias Settlement |
 Technology giant 3M will pay $3 million to several hundred former employees who accused the company of age discrimination, the Equal Employment Opportunity Commission said on August 22. It sued 3M in US District Court on behalf of a class of former employees who said the company laid off hundreds of workers over age 45 from July 1, 2003, to Dec. 31, 2006. The lawsuit alleged 3M terminated many highly paid older employees and directed leadership training to younger workers. The agency said its investigation found an e-mail describing then-chief executive Jim McNerney's "vision for leadership development'' as "we should be developing 30-year-olds with general manager potential.'' Click here to read more.
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