Woolworths said it now expected total remediation costs for underpayment of staff across the group, including salaried ALH staff who were underpaid in 2018 and 2019, to be about A$390 million.
This would eat into full-year operating profit forecast to be between A$3.20 billion and A$3.25 billion, marginally lower than last year. “The group remains committed to fully rectifying any payment shortfalls across all group businesses as quickly as possible,” Chief Executive Brad Banducci said in a statement.
The company would also incur up to A$176 million in costs to streamline its supply chain by building two new distribution centres, and a further A$230 million related to the planned combination and spin-off of its drinks and pubs units. Operating profit at its hotels unit was expected to more than halve to between A$160 million and A$170 million, due to restrictions imposed to curb the spread of the coronavirus outbreak, it said.Our Standards:
Closer to the $320 million mark
Fuck me. Do we need a Royal Commission into this shit as well?
Australia companies have been underpaid Workers for long-long time as for Woolworths (WOW .AX) Group.Were are the UNIONS when Workes (pay then $450.00 for their Union,leader been having reach hoilidays , labor Party get money for Elections)were is your support unions rats.