BHP Group Limited Review of Employee Allowances and Entitlements (2614B)

TIDMBHP

RNS Number : 2614B

BHP Group Limited

01 June 2023

NEWS RELEASE

 
 Release Time      IMMEDIATE 
 Date              1 June 2023 
 Release Number    11/23

REVIEW OF EMPLOYEE ALLOWANCES AND ENTITLEMENTS

BHP has identified issues with certain allowances and entitlements affecting a number of its current and former employees in Australia.

A preliminary review suggests that certain rostered employees across our Australian operations have had leave incorrectly deducted on public holidays since 2010. There are approximately 28,500 affected current and former employees with an average of 6 leave days in total that have been incorrectly deducted from affected employees over this 13 year period.

Initial investigations also suggest that OZ Minerals has been affected by a similar leave deduction issue before being acquired by BHP in May 2023.

In addition, BHP has identified that approximately 400 current and former employees at Port Hedland are entitled to additional allowances due to an error with the employment entity in their contract.

Based on currently available information, it is estimated that the cost of remediating the leave issue and the contracting issue will be up to US$280 million pre tax, incorporating on costs including associated superannuation and interest payments (BHP share). BHP is continuing to investigate and an update will be provided in our full year results in August.

Geraldine Slattery, President Australia said: "We are sorry to all current and former employees impacted by these errors. This is not good enough and falls short of the standards we expect at BHP. We are working to rectify and remediate these issues, with interest, as quickly as possible."

Protiviti, a global assurance firm, has been engaged to conduct a thorough review of our payroll systems.

BHP will contact affected current and former employees regarding remediation as soon as possible and a dedicated hotline and website will be established to provide assistance from Friday.

BHP has self-reported to the Fair Work Ombudsman.

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

 
Media Relations                    Investor Relations 
 Email: media.relations@bhp.com     Email: investor.relations@bhp.com 
 
 Australia and Asia                 Australia and Asia 
 Gabrielle Notley                   John-Paul Santamaria 
 Tel: +61 3 9609 3830               Mobile: +61 499 006 018 
 Mobile: +61 411 071 715 
                                    Europe, Middle East and Africa 
 Europe, Middle East and Africa     James Bell 
 Neil Burrows                       Tel: +44 2078 027 
 Tel: +44 20 7802 7484              144 Mobile: +44 7961 636 432 
 Mobile: +44 7786 661 683 
                                    Americas 
 Americas                           Monica Nettleton 
 Renata Fernandez                   Mobile: +1 (416) 518-6293 
 Tel: +56 9 8229 5357 
 
 
BHP Group Limited ABN 49 004 
 028 077 
 LEI WZE1WSENV6JSZFK0JC28 
 Registered in Australia 
 Registered Office: Level 18, 
 171 Collins Street 
 Melbourne Victoria 3000 Australia 
 Tel +61 1300 55 4757 Fax +61 
 3 9609 3015 
 
 BHP Group is headquartered 
 in Australia

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June 01, 2023 02:00 ET (06:00 GMT)

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