Money: Jewellery chain Michael Hill underpaid staff up to $25m - PressFrom - Australia

MoneyJewellery chain Michael Hill underpaid staff up to $25m

23:15  11 july  2019
23:15  11 july  2019 Source:

Sydney avocado, sausages theft in pants

Sydney avocado, sausages theft in pants A 28-year-old Sydney man has been charged with robbery and trespass after allegedly putting food items down his pants in a supermarket before leaving the store. A man has been charged after allegedly stealing an avocado and frankfurt sausages from a Sydney supermarket by putting them down the front of his pants and then threatening staff when confronted. Police allege the 28-year-old was seen hiding the food items in his pants at a Bass Hill supermarket on Tuesday afternoon.

Jewellery chain Michael Hill underpaid staff up to $25m© James Brickwood Michael Hill's CEO Daniel Bracken has promised to reimburse staff.

Jewellery chain Michael Hill says that it underpaid its staff by as much as $25 million over the last six years, making it the latest major company to confess to short-changing workers.

The ASX-listed group said on Thursday morning that an initial review of contracts and rosters instigated by its new CEO Daniel Bracken found "non-compliance" with the applicable award rates.

Michael Hill said a more detailed audit was now being undertaken "with urgency", and will take several months.

The cost of paying back workers what they are owed will range from $10 million to $25 million, the company said.

$1m reward to solve 1991 cold case murder of nanny

$1m reward to solve 1991 cold case murder of nanny A $1 million reward will be offered to help solve the murder of a young woman in NSW's central west nearly three decades ago. Twenty-year-old nanny Penny Hill was found unconscious with severe head and face injuries on Cassilis Road near Coolah on July 8, 1991. She died in John Hunter Hospital nearly two weeks later on July 21. © NSW Police A $1 million reward for information to find Ms Hill's killer is on offer. Police said detectives are re-investigating Ms Hill's murder and a $1 million NSW government reward will be announced in acknowledgement of the 28-year anniversary.

“We will move as quickly as possible to rectify any underpayments with those team members affected," Mr Bracken said.

Jewellery chain Michael Hill underpaid staff up to $25m© MARKSON SPARKS Supplied undated image obtained Thursday, July 7, 2016 of retail jeweller Michael Hill Chair Emma Hill posing for a photograph in a retail store. "I will be in contact with all team members today to apologise on behalf of the company."

Super Retail Group, which owns Rebel Sport and Super Cheap Auto, in February confessed to underpaying store managers about $32 million over six year by not applying overtime rates properly.

And in the same month Qantas said it had underpaid 55 head office workers by around $8000 a year each because it had not applied the relevant enterprise agreement.

The backpay bill could significantly dent Michael Hill's profit, which market analysts expected to be around $28 million next year.

Michael Hill's shares fell as much as 9 per cent on the news on Thursday morning, from 57¢ to 52¢, but by midday had bounced back to 56¢.

Softening the bad news, Michael Hill also said on Thursday that it had arrested falling sales at its store network in the most recent quarter, delivering same-store sales growth of 0.1 per cent.

Sales had been tracking at negative 4.8 per cent for the first three quarters of the year.

More to come

Almost 3000 new weekly bus services to help plug transport gaps.
More than two thirds of the 2850 extra weekly bus services to start over the next year will be devoted to the city's north west and south west.

—   Share news in the SOC. Networks
usr: 1
This is interesting!