Woolworths worker leaks note that management posted in the staffroom trends now
A Woolworths employee has leaked a factsheet from management that was posted in the staffroom - sparking a major backlash from workers.
The factsheet describes how Woolworths makes 3.6 cents net profit from every $1 spent in stores during the 2022-2023 financial year.
However, the factsheet fails to highlight that Woolworths overall net profit increased by 4.6 per cent to $1.62 billion over that same period.
The anonymous worker stated that the factsheet was circulated because staff resentment towards their employer had increased.
This followed a Senate inquiry earlier this month where the profit margins of Woolworths and Coles came under scrutiny, with both major supermarkets accused of price gouging.
Additionally, last week, Woolworths was fined $1.2 million for failing to pay leave to 1,200 former workers.
'I work for Woolies, and they put this in the lunch room because we all felt ripped off,' the worker said.
'They put it here to assure us that they are not as rich as we think they are.
'Like we are falling for this crap. Saying they only make 3.6 cents from every dollar, what a joke.'
A Woolworths spokesperson told Daily Mail Australia the factsheet was based on its submission to the Senate inquiry on supermarket prices, held earlier this month.
'That was shared with our team, media and stakeholders breaking down the costs for every $1 spent in our Australian food business.'
Woolworths told its workers in a lunchroom note (pictured) it only makes 3.6 cents for every dollar spent in store
At the Senate inquiry, both Woolworths CEO Brad Banducci and Coles boss Leah Weckert stated the sector remained competitive despite the size of their duopoly.
Mr Banducci was threatened with the possibility of six months in jail or a $5000 fine for holding the Senate in contempt after repeatedly failing to answer a somewhat pointy-headed question about Woolworths' profitability.
The supermarket boss was asked to disclose Woolworths' return on equity, a measure of corporate profitability that generally indicates how efficiently profits are generated.
Instead, the chief executive told the committee Woolworths focuses on return on investment
