Big W faces huge rise in wage bill
Big W's wage bill is set to jump tens of millions of dollars, even as it struggles with losses, after it reached a new enterprise agreement for the first time in seven years. Most of the retailer's 17,000 workers voted in the agreement on Monday that will deliver wage rises, restore penalty rates and casual loadings and lift redundancy pay. The deal replaces Big W's long-expired 2012 agreement that has allowed the company to pay workers significantly below the amount they would have earned under the award. Conservative estimates by The Australian Financial Review last year had the retailer set for a $30 to $40 million jump in its labour costs once it restored award rates, excluding any annual pay rises.