The Fair Labor Standards Act of 1938 codifies many aspects of employee compensation, including minimum wage, overtime pay, exempt and nonexempt classification, youth workers' rights and record-keeping. However, the act doesn't govern employment standards concerning vacation pay or time off for vacation.
Pfizer has a rich history and growing presence in New York State. Pfizer was founded in Brooklyn, New York, in 1849, and today New York State is home to Pfizerâs World Headquarters and the largest number of Pfizer employees worldwide.
However, just six years later, Pfizer announced it was closing its Ann Arbor facilities by 2008. Pfizerâs announcement left city officials stunned and media reports followed about the devastating impact the companyâs departure would have on the local economy.