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BRIEF-Caltex Australia to establish $20 mln assitance fund

Published 01/05/2017, 11:35 am
Updated 01/05/2017, 11:40 am
BRIEF-Caltex Australia to establish $20 mln assitance fund
Caltex Australia Limited
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May 1 (Reuters) - Caltex Australia Ltd CTX.AX :

* Will establish a $20 million assistance fund for franchisee employees who have not been paid their full entitlements by Caltex franchisees

* Fund will allow franchisee employees to claim underpayments for period from 2015 to date

* Terminated franchise agreements with 19 franchisees for underpayment or other non-compliance Source text for Eikon: ID:nASXbbYVZN Further company coverage: CTX.AX

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