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BRIEF-Woolworths Group Announces Proposed Class Action In Relation To Salaried Team Member Payments

Published 02/12/2019, 11:23 am
Updated 02/12/2019, 11:28 am
BRIEF-Woolworths Group Announces Proposed Class Action In Relation To Salaried Team Member Payments
WOW
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Dec 2 (Reuters) - Woolworths Group Ltd WOW.AX :

* UPDATES ON PROPOSED CLASS ACTION IN RELATION TO SALARIED TEAM MEMBER PAYMENTS

* A CANBERRA LAW FIRM HAS ANNOUNCED INTENTION TO FILE AN EMPLOYEE CLASS ACTION PROCEEDINGS AGAINST GROUP IN FEDERAL COURT OF AUSTRALIA

* PROPOSED CLASS ACTION IN RELATION TO SALARIED TEAM MEMBER PAYMENTS

* CONTINUES TO WORK TOWARDS MAKING INTERIM PAYMENTS BEFORE CHRISTMAS, TO AFFECTED SALARIED SUPERMARKETS AND METRO STORE TEAM MEMBERS

* WOOLWORTHS GROUP WILL FULLY DEFEND PROCEEDINGS.

* BELIEVES CLASS ACTION PROCEEDINGS ARE WITHOUT MERIT

* REAFFIRMS THAT ONE-OFF IMPACT FOR REMEDIATION IS EXPECTED TO BE IN RANGE OF $200-300 MILLION (BEFORE TAX)

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