Ford is settling claims of alleged harassment for $10.1 million

Ford will reportedly pay $US10.1 million to settle
charges of alleged sexual and racial harassment at two facilities located in the Chicago area, according to a report from the Detroit News.
The U.S. Equal Employment Opportunity Commission (EEOC) led an investigation into the matter and said in a statement Tuesday that it found “reasonable cause to believe that personnel at two Ford facilities in the Chicago area, the Chicago Assembly Plant and the Chicago Stamping Plant, had subjected female and African-American employees to sexual and racial harassment.”

According to the newspaper, Ford said in a statement that it “chose to voluntarily resolve this issue without any admission of liability with the EEOC to avoid an extended dispute.”

Ford will establish a claims process for victims of harassment. The carmaker said that it has taken disciplinary action against employees accused of harassment, including dismissing workers who were accused of unwanted activities, the Detroit News reported.

Ford has been dealing with its share of negative news in 2017. CEO Mark Fields was ousted in May and replaced by former Steelcase CEO Jim Hackett. The stock price is down 15% year-to-date.

Get the latest Ford stock price here.

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