Last mentioned: Feb 25, 2026
Profit Impact
Woolworths reports a 50% drop in half-year profit to account for the $710M remediation provision.
Court Ruling
The court issues a final determination on the scale of back pay and interest owed.
Legal Proceedings
Protracted litigation in the Federal Court regarding the definition of 'reasonable additional hours'.
Initial Disclosure
Woolworths first reveals underpayment of salaried staff during a review of its payroll systems.
Woolworths Group's first-half net profit has been slashed by 50% following a landmark court ruling requiring the retail giant to provide $710 million for employee back pay. The massive provision covers unpaid wages, interest, and payroll taxes, marking a significant blow to the company's financial performance.
Woolworths Group has seen its first-half profit cut in half following a major court ruling requiring the retailer to pay $710 million in back pay, interest, and taxes. The decision stems from long-standing underpayment issues regarding salaried staff and 'reasonable' additional hours.