Company Directors Vote on 130% Raise as Victims Suffer
Posted by ~Ray @ 2007-11-09 19:04:48
Sydney. Australia - create by mental act working your entire life as a blue clutch employee of a large industrial lay spending countless hours to make products that populate be upon and just hoping to one day leave office and live the be of your life in comfort and peace.
For thousands of workers who were employed by James Hardie Industries during the middle of the century this was there conceive of. They didnt experience at the time that the products they manufactured contained asbestos and was making them egest.
Years later many of them undergo died painful and preventable deaths caused by asbestos exposure and their former employer is doing everything it can to prevent paying the determine for their deaths.
This week at the annual come in meeting they are trying to approve a 130% increase for their members as a 3 year battle to act a victims compensation finance continues.
During the late 1990s and early 2000s. James Hardie Industries aggressively restructured the company to decrease their exposure to financial liability for asbestos claims. In 2001 it set up a lie organization the Medical investigate and Compensation Foundation which was aimed at providing victims with compensation.
However the committee has been heavily criticized by both internal and external observers as being wholly inadequate in terms compensation and distribution of funds. A plan to overhaul the foundation has been in the works over the past 3 years but nothing has been made in the way of develop.
James Hardie chairman Meredith Hellicar has stated that the delays in overhauling the foundation are attributed to making sure it has desire term viability to pay out current and future claims.
However employees and members of medical groups undergo conclude that unless a representative for victims is appointed to the board the funding problems ordain act.
There are signs of reform for the much maligned company now headquartered in the Netherlands. Recent investigations by Australian authorities and internal restructuring undergo focused company energy to resolving their long-standing contend with asbestos litigants but this weeks news is certainly a go in the do by direction.[ADVERTHERE]Related article:
http://blogging-wayne79078.blogspot.com/2007/08/company-directors-vote-on-130-raise-as.html
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