Bunnings NZ owes employees $11 million for incorrect holiday payments

Sun, 17 Jun 2018

By Tina Morrison June 18 (BusinessDesk) - Bunnings, the hardware chain owned by Australia's Wesfarmers, will pay more than $11 million to 12,235 New Zealand past and current employees after identifying mistakes in implementing the Holidays Act 2003. The company has recalculated all leave payments from April 1, 2004, to May 31, 2018, and said all money owed will be inflated to today's dollars in line with the Reserve Bank of New Zealand Consumer Price Index. The median payment is $317. The government last month formed a taskforce invol...

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