Original article by Richard Gluyas
The Australian – Page: 13 & 19 : 26-May-21
National Australia Bank included a pre-tax provision of $128m for wage underpayments in its financial accounts for the second half of 2020. NAB’s remediation program has resulted in current and former part-time employees receiving a combined $55m in compensation to date. However, the Finance Sector Union believes that NAB’s wages underpayment bill may be much higher, given that many of the affected employees work full-time. The union is preparing to take Federal Court action on behalf of NAB’s full-time workers.
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FINANCE SECTOR UNION, FEDERAL COURT OF AUSTRALIA