Woolworths has revealed that it underpaid thousands of staff by as much as $300 million in a statement to the stock exchange.
The underpayment took place when the introduction of a new enterprise agreement emphasized “an inconsistency in pay” in an old agreement for some workers, particularly department managers at retail stores.
Woolworths has promised to give back full entitlements including interest and annualation to the past and present underpaid staff as soon as possible, and make "interim back payments" to them before Christmas.