financetom
Business
financetom
/
Business
/
Australia's Woolworths, Coles warn of extra costs after court's wage case ruling
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australia's Woolworths, Coles warn of extra costs after court's wage case ruling
Sep 7, 2025 5:24 PM

(Reuters) -Australia's top supermarket chains Woolworths and Coles said on Monday they could incur millions in additional remediation costs following the federal court's decision on historical underpayments to staff.

Woolworths expects A$180 million ($117.9 million)-A$330 million in post-tax charge, while Coles estimates A$150 million-A$250 million in remediation bill, the firms said in separate statements.

($1 = A$1.5263)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dillard's sues Wells Fargo over co-branded card relationship
Dillard's sues Wells Fargo over co-branded card relationship
May 26, 2025
May 22 (Reuters) - The department store chain Dillard's sued Wells Fargo ( WFC ) on Thursday, saying the bank repeatedly breached a since-abandoned co-branded credit card relationship, causing the department store chain tens of millions of dollars in losses. Dillard's filed its lawsuit in Manhattan federal court, less than a year after being shocked to learn that the fourth-largest...
Solis Minerals Edges Down, Nearer 52 Week Lows As Announces Drill Rig Mobilised to Chancho al Palo, Peru
Solis Minerals Edges Down, Nearer 52 Week Lows As Announces Drill Rig Mobilised to Chancho al Palo, Peru
May 26, 2025
04:03 PM EDT, 05/22/2025 (MT Newswires) -- Solis Minerals ( SLMFF ) closed slightly lower, but nearer 52 week lows on Thursday, after announcing updates concerning three of its copper-gold projects in Peru. Among highlights, the company said a 2,500 metre drill programme will commence over the next few days at its 100% owned Chanco al Palo copper-gold project in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Rio Tinto Selected as Preferred Partner for Lithium Project in Chile
Rio Tinto Selected as Preferred Partner for Lithium Project in Chile
May 26, 2025
04:03 PM EDT, 05/22/2025 (MT Newswires) -- Rio Tinto (RIO) said Thursday it has been selected as the preferred partner for the Salares Altoandinos lithium project in Chile's Atacama region by state-owned Chilean mining company Empresa Nacional de Mineria. The proposed deal gives Rio Tinto a 51% ownership in the project, while ENAMI will retain a 49% stake, the company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved