comScore
Active Stocks
Fri Sep 22 2023 15:58:38
  1. Tata Steel share price
  2. 126.7 -0.86%
  1. HDFC Bank share price
  2. 1,529.2 -1.57%
  1. State Bank Of India share price
  2. 598.1 1.67%
  1. Power Grid Corporation Of India share price
  2. 199.1 -1.34%
  1. Tata Motors share price
  2. 621.1 -0.93%
Business News/ Companies / News/  BHP says underpaid nearly 29,000 staff for 13 years, owes $280 million
Back

BHP says underpaid nearly 29,000 staff for 13 years, owes $280 million

The company had incorrectly deducted leave on public holidays since 2010 for an average of six leave days in total per person for the vast majority of current and former workers, or about 28,500 people

BHP said around 400 current and former employees at its Port Hedland iron ore operations are also entitled to additional allowances due to an error with the employment entity in their contract. (REUTERS)Premium
BHP said around 400 current and former employees at its Port Hedland iron ore operations are also entitled to additional allowances due to an error with the employment entity in their contract. (REUTERS)

BHP Group had underpaid nearly 29,000 of its Australian employees for leave and other entitlements for over a period of 13 years. The miner estimated that it would cost $280 million.

The company on Thursday said it had incorrectly deducted leave on public holidays since 2010 for an average of six leave days in total per person for the vast majority of current and former workers, or about 28,500 people.

BHP President of Australia Geraldine Slattery issued an apology to affected workers. “This is not good enough and falls short of the standards we expect at BHP. We are working to rectify and remediate these issues, with interest, as quickly as possible."

The estimated sum reflected its share of the costs that included pension and interest payments.

BHP reported itself to the country's labour regulator and contracted an independent company to review its payroll systems.

The company will provide an update with its full year results in August.

Workers at OZ Minerals were affected by a similar leave deduction issue before the copper miner was acquired by BHP in May 2023, said the world's biggest listed miner.

BHP said around 400 current and former employees at its Port Hedland iron ore operations are also entitled to additional allowances due to an error with the employment entity in their contract.

(With inputs from agencies)

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Updated: 01 Jun 2023, 07:23 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App