Canberra law firm intends to file an employee class action proceedings against the Australian retail giant, Woolworths Group Limited (ASX: WOW), in the Federal Court of Australia in relation to in relation to salaried team member payments.
- Woolworths Group intends to rectify all payment shortfalls to current and former salaried team members across the group and has continued to work towards making interim payments before Christmas;
- Woolworths Group will fully defend the proceedings;
- It has been estimated that the one-off impact for remediation is expected to be in between $200-300 million (before tax).
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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