Home Depot Settles Discrimination Claims

August 25, 2004 (PLANSPONSOR.com) - Home Depot Inc. has agreed to settle discrimination claims brought against it as part of its ongoing mediation with the Equal Employment Opportunity Commission (EEOC).

The claims, brought by employees from multiple Colorado-based stores, assert that Home Depot discriminated against them based on race, gender, and national origin. The number of people covered by the settlement has yet to be decided.

“The Home Depot is an equal opportunity employer and has a zero tolerance policy regarding discrimination,” the company said in a statement, according to the Associated Press. Despite its belief that it had not engaged in any form of workplace discrimination, the chain wished to settle the suit to avoid a lengthy and costly legal battle, according the AP report.

Home Depot has 36 stores in Colorado, roughly 2 percent of its 1,797 stores in the United States, Canada and Mexico. The chain’s trading on the NYSE remained relatively unaffected, however, with shares actually rising 31 cents to $36.64 as of 3:45 PM EST.

– Kip McDaniel