News
Qantas has posted a full-year net loss of $1.73 billion while Woolworths announced a $2.1 billion profit, reflecting the pain and gain the pandemic is serving up to some of Australia’s biggest corporates.
News
Woolworths will open its doors exclusively to the elderly and people with disabilities for a dedicated shopping hour, after panic buying due to the coronavirus stripped shelves of essentials items.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
Woolworths has upped its estimated staff underpayments to $315 million and says the final amount could still be higher once a review into the nine-year scandal is complete.
Wesfarmers has revealed it underpaid staff at its Target stores by $9m, on top of $15m in other underpayments, becoming the latest Australian company caught up in a growing wage theft scandal the shoppies’ union has branded a “full blown epidemic”.
Woolworths has told investors it expects the bill from its wages underpayment scandal to come in at the lower end of the $200 million to $300 million range it previously flagged, even as more cases come to light.
Woolworths has been slapped with an employee class action that alleges its underpayment scandal is far worse than the current $300 million estimate.
