The Woolworths Group (ASX:WOW) faces class action over staff underpayment

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.