Author: Mick Tsikas | Reuters
Australia’s largest mining company has been incorrectly discounting public holidays for thirteen years
He Anglo-Australian mining group BHPthe largest company in the sector, admitted that it has incorrectly calculated the income of about 28,500 employees since 2010 in its operations in Australia, for which it will assume the cost of about 280 million dollars (262 million euros) correct the interest error correspondent, reports Europa Press.
As the multinational company explained, a preliminary review shows that around 28,500 “current and former” employees in Australia were has been incorrectly deducting vacation pay since 2010with an average loss of 6 incorrectly taken holidays for affected employees over these 13 years.
Furthermore, research also suggests that OZ Minerali was affected by a similar problem before it was acquired by BHP in May this year, while the company found that approx. 400 employees Current and former Port Hedland employees are entitled to additional compensation due to a fault with their employer in their contract.
So BHP has preliminarily calculated that the cost of correcting the holiday stripping and employment problem will be up to $280 million before tax, including costs that include related retirement and interest payments, although the multinational is continuing its research and will release updated results in August.
The company apologized
In this regard, the company will communicate with affected current and former employees to resolve each case as soon as possible and will establish a dedicated helpline and website.
«we are sorry to all current and former employees affected by these errors (…) We are working to correct and resolve these issues, with interest, as quickly as possible,” said Geraldine Slattery, the company’s president in Australia.
Source: La Vozde Galicia

I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.