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Woolworths underpayments could cost executives their bonuses

Woolworths CEO Brad Banducci said he expects to lose his bonus and flagged further consequences over what is the biggest underpayment on record.

Sue Mitchell and David Marin-Guzman
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Woolworths chief executive Brad Banducci will pay the price for a $300 million wage underpayments scandal, as a shocked regulator has promised to take a strong stance against the retail giant.

Woolworths CEO Brad Banducci has apologised for letting staff down after a review found about 5700 salaried staff had been underpaid.  Janie Barrett

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
David Marin-Guzman writes about industrial relations, workplace, policy and leadership from Sydney. Connect with David on Twitter. Email David at david.marin-guzman@afr.com
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    Original URL: https://www.afr.com/companies/retail/woolworths-underpayments-could-cost-executives-20191030-p535p7