100K Woolies Workers to receive Shares and Vouchers | ASX Market Update

June 02, 2020 07:32 PM AEST | By Team Kalkine Media

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News Corp’s With Her In Mind (Whimn) Network will cease publication on 30 June. In addition, its Sunday magazine lifts out Stellar will combine with the publisher’s other weekend brand Body + Soul from 5 July. The latest changes at one of Australia’s largest publishers come just days after it closed multiple local and community papers, and moved others online, ceasing over 100 print publications. In an internal email seen by Mumbrella, News Corp said this shake-up would strengthen its women’s portfolio and create a simpler offering for clients.

More than 100,000 Woolies workers will receive shares and vouchers as a “thank you” for their hard work during the coronavirus pandemic. The Woolworths Group has announced each eligible full-time team member in Australia and New Zealand will score up to $750 Woolworths Group shares for them to keep or sell in the future, with part-time eligible team members allocated shares on a pro-rata basis.

Australia's interest rates have been left on hold at the record-low level of 0.25 percent as the nation's economy begins to awaken following blunt coronavirus restrictions.

#Woolies #Australia #InterestRate #Kalkine

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