Regis Healthcare has joined a growing list of companies that underpaid staff over the past six years, putting its underpayment bill at between $30 million and $40 million and warning it will reduce its 2021 financial year earnings.
The stock tumbled as much as 7.38 per cent before settling Monday 12¢ lower at $1.98 each after the aged care services group flagging potential underpayments of employee entitlements to certain current and former employees under enterprise agreements.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
