International Business Machines Corp.

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Regulatory, Other Pre-Announcement, Labor Issues

Australia's Fair Work Ombudsman Says IBM Back-Paid Australian Employees More Than $12 Mln

Published: 09/11/2020 00:24 GMT
International Business Machines Corp. (IBM) - Ibm Back-paid Australian Employees More Than $12 Million After Entering Enforceable Undertaking With Fair Work Ombudsman.
Further Underpayments, Expected to Be Significant in Size, Are Yet to Be Quantified.
The Eu Requires Ibm to Calculate and Pay Outstanding Amounts to Every Affected Employee by Oct 16 This Year.
Eu Commits Ibm to Make Two Contrition Payments to the Commonwealth’s Consolidated Revenue Fund by 27 Nov.