The Woolworths Group (ASX:WOW) has been notified that a Canberra law firm has announced its intention to file employee class action proceedings against them in relation to payment shortfalls to salaried store team members covered by the General Retail Industry Award.
On 30 October 2019, Woolworths Group committed to fully rectify all payment shortfalls across the Group, including interest and superannuation contributions, as soon as possible.
Woolworths Group believes the class action proceedings are without merit.
Woolworths Group will fully defend the proceedings.
They estimate that the one-off impact for remediation is expected to be in the range of $200-300 million (before tax).
Shares in Woolworths Group (ASX:WOW) closed 0.28 per cent higher at $39.76 on Friday.