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Microcap & Penny Stocks : Z - The Venator Group
Z 74.44+0.4%3:59 PM EST

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To: ianlo who wrote ()7/21/1999 9:09:00 PM
From: L. Cheng   of 66
 
EEOC alleges age discrimination at Woolworth

Reuters Story - July 01, 1999 15:36

NEW YORK, July 1 (Reuters) - The U.S. Equal Employment Opportunity Commission on
Thursday filed an age discrimination suit against Venator Group Inc. , alleging that it fired
hundreds of workers over the age of 40 at its former Woolworth chain and replaced them with
younger employees.

The suit, which was filed in Manhattan federal court, alleged the practice was implemented by
individual store managers and approved by the company's human resources personnel from at
least 1995 until the five-and-dime chain was closed in 1997.

In July of 1997 Woolworth Corp., which later changed its name to Venator, began closing over
440 U.S. and Mexican Woolworth stores and firing some 9,200 workers. The first Woolworth
store opened in 1879.

The EEOC charged that while the chain was still in operation, Woolworth targeted between
300 and 400 employees over 40 years in age for termination and replaced them with younger
workers.

"Even when a retailing giant contemplates liquidating a chain of stores, it may not single out its
most senor employees for adverse treatment," said Spencer Lewis Jr, district director of the
EEOC's New York office. "Reductions-in-force may be a necessary fact of economic life. Age
discrimination is not."

A spokeswoman at Venator said the company does not comment on pending litigation.

The EEOC's suit seeks back wages in an amount to be determined at trial, damages and
interest. It also seeks an order stopping Venator from carry out policies against employees over
the age of 40.

New York-based Venator has about 6,000 specialty stores in 14 countries in North America,
Asia, Australia and Europe. Its stores include Foot Locker, Lady Foot Locker and Champs
Sports. The discrimination allegations in the lawsuit involve only the Woolworth chain and not
any of the specialty stores.

Last year Woolworth changed its name to Venator to shed its five-and-dime image as it shifted
its focus to athletic footwear and apparel and sporting goods.
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