wesfarmers target newsBlog

wesfarmers target news

"They go as close to the line as possible, I would say, and so if they get it wrong then there's an underpayment. "The fact is that a decade ago there were few instances of systemic underpayment when unions had the right to conduct spot checks of company payrolls," Gerard Dwyer, the national secretary of the Shop, Distributive and Allied Employees' Association, said. "So, if your Coles and your Woolworths really don't want to get in trouble in areas like this, it's to have a buffer between what you pay someone and what the minimum is so that if you get your calculations a little bit out you're safe from underpayment claims.Wesfarmers said a review of its payroll system did not identify any further underpayments in its other businesses.Wesfarmers updated its estimates on worker underpayments in its half-year results, where it also reported a 5.7 per cent rise in net profit to $1.13 billion.The company unveiled a 75-cent fully-franked interim dividend for shareholders.In a separate announcement coinciding with today's results release, Wesfarmers said that it had executed trades to sell off a further 4.9 per cent of Coles Group shares.The sale of the shares at $16.08 is expected to raise $1 billion for Wesfarmers, with a pre-tax profit of $160 million.Once the sale is completed, Wesfarmers will still hold a 10.1 per cent stake in Coles and retain the right to nominate a director to the supermarket group's board.This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.Months after apologies, workers still waiting for wagesGeorge Calombaris's restaurant group goes into voluntary administrationRestaurant charging almost $300 for a meal owes staff millionsCoronavirus-hit Melbourne supermarket alarmed by silence from contact tracersThree of the theories for New Zealand's coronavirus revival and how they stack upFour children under 10 in hospital with coronavirus, as Victoria records 278 new casesClive Palmer claiming victory over WA after Supreme Court action, seeks more damagesWife buried in backyard for 45 years was hit with metal bar, husband admits to policeNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseThere are 16 Melbourne postcodes with more than 100 COVID-19 cases, but there are signs of slowing growthNSW confirms 12 new coronavirus cases as latest death linked to church clusterNZ Deputy PM claims cases may be linked to quarantine breach, citing unofficial sourceQueensland punter stole $10m from engineering firm to gamble, police allegeEight charged after homemade bomb exploded at 'wrong' Sydney house'We are stuck here': Stephanie is helping put food on your plate and hasn't seen her kids in nearly a yearPolice find alleged murder weapon down drain a month after bikie boss stabbed to death'Terror crocodile' with banana-sized teeth ate dinosaursThree of the theories for New Zealand's coronavirus revival and how they stack upCoronavirus-hit Melbourne supermarket alarmed by silence from contact tracersWife buried in backyard for 45 years was hit with metal bar, husband admits to policeClive Palmer claiming victory over WA after Supreme Court action, seeks more damagesNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseCoronavirus-hit Melbourne supermarket alarmed by silence from contact tracersThree of the theories for New Zealand's coronavirus revival and how they stack upFour children under 10 in hospital with coronavirus, as Victoria records 278 new casesClive Palmer claiming victory over WA after Supreme Court action, seeks more damagesWife buried in backyard for 45 years was hit with metal bar, husband admits to policeNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseThere are 16 Melbourne postcodes with more than 100 COVID-19 cases, but there are signs of slowing growthNSW confirms 12 new coronavirus cases as latest death linked to church clusterNorthern Territory Electoral Commission concerned by low voter turnout in remote areasQueensland punter stole $10m from engineering firm to gamble, police allegeSouth Australian cat breeder convicted of cruelty offencesHigh Court ruling against Cadbury shift worker sick leave a 'huge blow'There are 16 Melbourne postcodes with more than 100 COVID-19 cases, but there are signs of slowing growthThree of the theories for New Zealand's coronavirus revival and how they stack up "These were inadvertent errors but they are deeply regrettable and we apologise sincerely and unreservedly to our team members who have been affected over a number of years," the division's managing director David Baxby said in a statement last year. "However, Mr Jewell said the excuse of payroll errors did not really fly for large organisations. ""Corporate Australia surely now has got the message that they need to get their house in order," he said. "At the time the industrial and safety division underpayments were revealed, Wesfarmers said the amounts equated to less than 1 per cent of the division's total payroll for the period. Very rarely do they accidentally overpay people," he observed. The news came as Wesfarmers today unveiled $780 million of writedowns on its Kmart Group and industrial and safety division. "The easiest way to avoid underpayments, though, is to not play it so close to the line. "We are also investing heavily in our payroll system, processes and capabilities to fix this issue and ensure it cannot happen again. Wesfarmers is converting some of its Target stores into Kmart stores. "I think when you get to the level of a Coles or a Woolworths, they've got the resources, they've got the lawyers, the HR [human resources] professionals to get it right.Here's your guide to getting the money your boss owes you.

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