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Woolworths (ASX:WOW) share price slides amid legal stoush on underpayments

Woolworths (ASX:WOW) share price slides amid legal stoush on underpayments The regulator alleges the supermarket giant has not fully repaid up to 19,000 underpaid employees. Marc is a Master of Journalism and Communications student at UNSW and journalist at The Motley Fool. He has a passion for journalism and news with a keen interest in business, the media, politics, foreign affairs, and how they intersect in everyday life. Latest posts by Marc Sidarous (see all) June 18, 1:13pm AEST | Image source: Getty Images Woolworths Group Ltd (ASX: WOW) shares have fallen into the red today as the Fair Work Ombudsman (FWO) takes the retailing giant to court.

Australian watchdog sues Woolworths over staff underpayments

Woolworths accused of underpaying staff up to $1m

The alleged underpayments range from $289 to $85,905 for the 70 managers over the one-year period. The ombudsman alleges the most significant underpayments were Woolworths’ failure to pay the correct overtime entitlements to the salaried managers. It will also try to prove annual salaries did not cover weekend and public holiday rates, meal allowances and annual leave loading, given the hours employees worked. The ombudsman, Sandra Parker, said it would be alleged salaried managers were significantly underpaid. “This court action highlights that large employers face serious consequences if they do not prioritise workplace law compliance among other aspects of their business,” she said.

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