FRAMINGHAM – Yesterday, Dec. 1, a new overtime policy was to have been implemented for 4 million individuals, who work more that 40 hours a week. But last week a Texas court blocked the Obama administration supported Fair Labor Standards Act overtime rule.
However, Framingham-based TJX Companies has decided to go forward with the new rule, and Massachusetts Senior Senator Elizabeth Warren lauded the company yesterday.
“Today was supposed to be a good day for American workers. Because of a new Labor Department rule, 4 million people who work 45, 50, or 60 hours per week were finally going to be eligible for overtime pay today. But that’s not happening – because corporate lawyers and lobbyists swooped in and persuaded a court to block that new overtime rule. Now, those 4 million people will have to keep right on working those long hours without a nickel of extra pay,” Sen. Warren wrote yesterday, Dec. 1.
“Thankfully, some companies – like Framingham, MA-based TJX (TJ Maxx, Marshalls, and HomeGoods) – have decided to stand with their workers, not the powerful corporate interests. They’ve announced that they will go forward with the new rule, and pay their employees the overtime they deserve. I hope more companies follow their lead and stand up for hardworking Americans and their families,” wrote Sen. Warren.
TJX Companies, the parent company of T.J. Maxx, Marshalls, and Home Goods said it will comply with the The Fair Labor Standards Act overtime rule, despite an emergency injunction from a Texas federal court that blocked it, the Boston Business Journal reported.
The new overtime rule, which was scheduled to take effect on December 1, was set to raise the salary threshold for overtime pay for most salaried workers from $23,660 to $47,476. The court must still decide to permanently block the measure.
“At TJX, we attribute our success primarily to the people we have hired over many years who remain focused on our mission of delivering amazing values to consumers,” Thompson told the Boston Business Journal. “With this in mind, TJX will move forward as planned in implementing the changes outlined in Department of Labor’s new rules.”