Commonwealth Bank will hand over as much as $53.1 million it owes staff in unpaid entitlements
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CBA has so far notified or repaid approximately 41,000 current and former employees with $13.2 million of back pay plus interest, with a further $14.9 million to follow by the end of next week. "It is unacceptable that some of our people were not paid the correct entitlements," CBA chief executive Matt Comyn said in a release.READ MORECBA - which reported a cash profit of $8.49 billion in FY19 - said the issue came to light after the bank commenced a review in 2017 of superannuation payable to part-time employees working additional hours at single-time rates.
A rash of wage-theft scandals have made headlines recently as hundreds of millions in unpaid entitlements surface across listed companies such as Woolworths, Qantas, Wesfarmers, Super Retail group and Michael Hill Jewellers.
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