By Reuters Staff
(Adds background, details)
May 26 (Reuters) - National Australia Bank Ltd on Wednesday said issues related to underpayment of staff for part-time work had impacted 3,200 current and former employees.
The country’s third-largest bank also noted a local media report that said the Finance Sector Union was looking to lodge Federal Court proceedings against the bank for alleged underpayment of staff.
The bank denied allegations that the underpayment issues impacted full-time employees, adding that it had already paid all current employees affected by the problem and was contacting former employees for payment.
NAB said employees who worked in full-time capacities were unaffected by payment complications as “hours of work are not used to formulate their salary”.
By Reuters Staff
1 Min Read
May 26 (Reuters) - National Australia Bank Ltd on Wednesday said issues related to underpayment of staff for part time work had impacted 3,200 current and former employees.
The country s third-largest bank also noted a local media report here that said the Finance Sector Union was looking to lodge Federal Court proceedings against the bank for alleged underpayment of staff. (Reporting by Soumyajit Saha in Bengaluru; Editing by Christopher Cushing)
2 top ASX dividend shares rated as buys
James Mickleboro | May 19, 2021 8:51am |
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Are you looking for some excellent ASX dividend shares to add to your income portfolio?
Then you might want to take a look at the ones listed below. Here’s what you need to know about these dividend shares:
The first ASX dividend share to look at is Accent Group. This retail conglomerate is primarily focused on the footwear market and owns a number of popular store brands. Among its portfolio are retailers HypeDC, Platypus, and The Athlete’s Foot.
Accent has been growing its earnings and dividends at a solid rate in recent years. This has been driven by a combination of new store brand launches, the expansion of its existing footprint, and strong sales in-store and online.
What do the CEOs of the Big Four banks think of the Federal Budget?
Brooke Cooper | May 12, 2021 4:01pm |
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The Federal Budget has been on the lips of most Australians today, and the top dogs of Australia’s Big Four banks, along with
They were all generally supportive of the Budget, despite acknowledging it was far more stimulatory than many Australians expected.
Some complimented the Government on its approach to supporting businesses, while others were looking forward to the return of migration in 2022.
Here’s what they had to say.
Australia and New Zealand Banking Group