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Employers May Face Fines Under Draft EU Gender Pay Gap Rules

  • EU proposal to require firms to expose pay for men and women
  • Transparency aims at pay gap as women paid 14.1% less than men
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Photographer: Benjamin Girette/Bloomberg

European companies may face fines if they don’t provide information on how they pay women and men differently under draft European Union rules, according to a document obtained by Bloomberg News ahead of its publication on Thursday.

The European Commission wants binding pay transparency to help close a pay gap that sees women paid 14.1% less than men across the 27-nation bloc. Exposing pay information will help women see if they are being paid fairly for the same work, regulators say in the document, and may help equality advocates and trade unions seek compensation for pay discrimination.