PieFed
Financial fallout of Woolworths, Coles underpayments could climb past $1 billion
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In short:
Coles and Woolworths expect to spend hundreds of millions of dollars more to repay staff who were underpaid, after the Federal Court found they had failed to keep accurate employment records.
Legal experts say the ramifications could be wide-reaching and other Australian businesses should review their payroll systems.
What's next?
A further hearing on the matter is listed for late October, which should determine the outcome for nearly 30,000 affected employees.
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"underpaid"
stolen from
Good. They already pay a low wage for what their staff put up with, and apparently society have deemed these people are "essential".
Well, bloody pay them their money, then.
Are they going to face greater penalties other than having to pay the wages back? You know, the almost billion dollars they've been collecting interest on and using as a asset to borrow against?
What would the penalties be if one of their employees was caught having a cheeky mars bar whilst on their shift for a comparison?
Gosh, I imagine this underpayment accident affected every level of employee, from clerks and shelf stockers to managers and executives! Right?!
Nationalize Coles and Woolworths.