CIBC hit with $600-million lawsuit

Class-action lawsuit on unpaid overtime a ‘wake-up call’
By Shannon Klie
|Canadian HR Reporter|Last Updated: 01/21/2009

A bank teller could force corporate Canada to re-examine its overtime policies and practices.

Last month, Dara Fresco, a head teller at a Toronto branch of the Canadian Imperial Bank of Commerce (CIBC) who was recently recognized for her customer service, launched a $600-million class-action lawsuit against her employer for unpaid overtime.

She claimed that in her 10-year career with the bank at 12 different branches, she was required to work on average two to five hours of overtime every week. While she filled out time sheets, she was discouraged from recording the extra hours. She said the practice is widespread among non-management employees.