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BHP Billton has given a warning against the Labor government’s new proposed work laws.
The company argues it will need to take 30 cents per year per share from shareholder dividends if the proposed changes are made, according to The Motley Fool CEO Scott Phillips.
“BHP pretty clearly trying to mobilise the shareholder base against these potential rules,” he told Englishheadline Australia.
“$1.3 billion is the profit hit BHP is claiming will be the impact.
“Now you might be able to take that with a grain of salt given BHP’s got a point to make – you can also by the way look at this either way, either it’s $1.3 billion worth of profit lost or wages paid.”
