Original article by Eli Greenblat
The Australian – Page: 13 & 16 : 10-Jun-20
Wesfarmers CEO Rob Scott says that Australia’s first recession in three decades requires a new approach to industrial relations. He says the ‘better off overall test’ in the Fair Work Act in particular is a hindrance to finalising enterprise bargaining agreements. He argues that employees and businesses alike benefit from EBAs if they are structured in the right way. Wesfarmers’ trading update shows that Bunnings has recorded sales growth of 11.3 per cent so far in 2019-20, while Kmart’s sales are up 6.1 per cent.
WESFARMERS LIMITED – ASX WES, BUNNINGS GROUP LIMITED, KMART AUSTRALIA LIMITED