Sharechat Logo

Z seeks previous corporate employees for remediation payment

Friday 4th September 2020

Text too small?

Z is seeking any person that was previously employed by the corporate division of its business from 1 January 2014 to contact the company urgently as they may be entitled to a remediation payment due to an historical holiday pay miscalculation.

At the end of 2019, insights from a flexible working project led Z to conduct a thorough investigation of its payroll system to ensure it was compliant with the Holidays Act 2003. A recently completed report from independent external experts commissioned by Z highlighted a number of areas where the complex Act had not been implemented correctly.

General Manger People and Culture, Helen Sedcole says, “We have always taken pride in the way we look after our people, and in this instance, we have let them down. For that, we are incredibly sorry. Our focus right now is to put things right for both previous and current employees while ensuring our payroll system and processes are updated so that this does not occur in the future.

“We would therefore like the approximately 550 previous permanent, fixed term or casual employees who were employed by Z Energy, Z Energy 2015 Limited or Chevron NZ since 1 January 2014 to get in touch so we can provide more details.”

The company is aiming to complete the complex task of reviewing thousands of lines of payroll data from the last seven years to calculate and undertake any required remediation payments by the end of the current financial year. At this stage Z expects the total payment to be approximately $1.3 million - covering the entire seven-year timeframe.

Source: Z Energy



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Westpac Banking Corporation (NZX: WBC) Sells General Insurance Business to Allianz and Enters 20 Year Distribution Agreement
NZX Limited (NZX: NZX) Investor Day and Earnings Guidance Update
Synlait Milk Limited (NZX: SML) Sustainability Report Shows GHG Emissions Improvements
IPO Offer: New Zealand Rural Land Co
Infratil Limited 6-year Infrastructure Bonds
Allied Farmers Limited (NZX: ALF) Launch of Renounceable Rights Issue
NZ Windfarms Limited (NZX: NWF) VVFPA Document Completion and FY2021 EBITDAF Guidance Range
Property for Industry Limited (NZX: PFI) Signals Positive Valuation Outcome
SkyCity Entertainment Group Limited (NZX: SKC) Update on SkyCity Adelaide, Including Opening of Expansion
Sky Network Television Limited (NZX: SKT) Announces Chief Executive Change

IRG See IRG research reports