‘Admission is not absolution’: FWO warns Woolies after $300m wage theft revelations

Original article by
The New Daily – Page: Online : 31-Oct-19

Woolworths CEO Brad Banducci has apologised after the retail giant became the latest company to be embroiled in the wage underpayment scandal. Woolworths has advised that it faces remediation costs of up to $300m after revealing that some 5,700 employees across its supermarkets and Metro stores have been underpaid, potentially since 2010. Woolworths will also review its non-grocery businesses, such as Big W and Dan Murphy’s. Fair Work Ombudsman Sandra Parker says the size of a company’s underpayment will be taken into consideration when the FWO considers penalties in the future.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, WOOLWORTHS SUPERMARKETS, BIG W DISCOUNT STORES, DAN MURPHY’S, AUSTRALIA. FAIR WORK OMBUDSMAN, WESFARMERS LIMITED – ASX WES, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, SUPER RETAIL GROUP LIMITED – ASX SUL, QANTAS AIRWAYS LIMITED – ASX QAN

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