Goldman probed in Switzerland over labor practices

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman's (GS -1.1%) Zurich offices were examined by regional labor department inspectors after a bank employee lobbying group lodged a complaint about long hours. Goldman allegedly failed to keep proper track of employee working hours or compensate for overtime, reports a local newspaper.

Swiss labor laws limit working hours for those employed in industrial plants, offices, large shops, and technical professions to no more than 45 hours per week. Anything above that needs to be recorded and compensated for by the employer.