A near-three-week strike at Woolworths’ distribution centres will cost the supermarket giant at least $140 million in lost sales and higher costs, with the company warning the full financial hit is not yet clear.
Woolworths and the United Workers Union, which represents employees at the company’s warehouses, reached a deal on Saturday to end 17 days of industrial action at four distribution centres in Victoria and NSW.
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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
