Business, Economics and Jobs

Goldman Sachs under investigation over Swiss working hours


Goldman Sachs back in the spotlight. This picture taken on Nov. 28, 2012, shows Goldman Sachs CEO Lloyd Blankfein being interviewed by television reporters after a meeting at the White House with President Barack Obama and other business leaders.


Chip Somodevilla

Swiss labor inspectors said Thursday they had visited the Zurich offices of US investment bank Goldman Sachs after a complaint about inadequate record keeping of working hours and overtime.

The investigation comes amid intense scrutiny of working conditions in the corporate world following the recent suicides of two senior executives at Swiss companies and the death of a German exchange student at the London offices of Bank of America Merrill Lynch.

Zurich’s labor inspectorate said it carried out the on-site inspection on Wednesday in response to a complaint from a bank employee lobby group that Goldman Sachs had allegedly breached rules on working hours, Reuters reported.

Further details were not available.

Goldman Sachs declined Reuters' request for comment.

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