Coles and Woolies unite to scrap penalty rates under new proposal

Business and Finance Business and Finance

Wed, January 29, 2025

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[ Wed, Jan 29th ] - Reuters

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[ Wed, Jan 29th ] - WOPRAI

Short squeeze is starting in shares of ROCK at $6 .. 1, after crossing above the $62.008 Trigger Price

[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - WOPRAI

Short squeeze is starting in shares of OSK at $96 .. 6, after crossing above the $95.793 Trigger Price

[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - WOPRAI

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[ Wed, Jan 29th ] - CNN

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Coles and Woolies unite to scrap penalty rates under new proposal

^{Published on 2025-01-29 00:20:50 - Couriermail}

Penalty rates will be scrapped for some retail workers and rest time between shifts will be cut under a new proposal being pushed by Coles, Woolworths and other major retailers.

The article from News.com.au discusses a joint proposal by Coles and Woolworths, Australia's two largest supermarket chains, to eliminate penalty rates for their employees. This initiative aims to address the rising costs of labor, which have been exacerbated by the Fair Work Commission's decision to cut penalty rates for Sundays and public holidays in 2017. The proposal suggests replacing penalty rates with a flat rate for all hours worked, which would simplify payroll and potentially reduce labor costs for the companies. This move has sparked debate over its impact on workers, with concerns that it could lead to reduced earnings for those who rely on penalty rates to compensate for working unsociable hours. Critics argue that this could further disadvantage low-income workers, while supporters believe it would create a more equitable pay structure and possibly lead to more job opportunities. The proposal is currently under review by the Fair Work Commission, with significant implications for the retail sector's workforce.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/business/retail/coles-and-woolies-unite-to-scrap-penalty-rates-under-new-proposal/news-story/25c2d7defdc637b307a359e2e0d41f68 ]

N@N

Coles and Woolies unite to scrap penalty rates under new proposal