Asbestos Payout Stalled

• Author:
• TUC RISKS

UK multinational Cape plc has failed to meet the deadline for payment of the first instalment of a £21 million compensation payout to 7,500 South African sufferers of asbestos-related diseases. The company was due to hand over the first £11million of the settlement by the end of June, but has blamed a major financial restructuring exercise for the delay.

Company chairman Paul Sellars, however, stressed that the company was committed to the settlement agreement and was optimistic the compa... (83 more words)

Member login

If you are a member of the Workplace Law
Network, please enter your details below

My email address
My password
Keep me logged in:
	I've forgotten my password

Protecting your data

We take data protection very seriously. We will never share your data with third parties. We process data in accordance with: the Data Protection Act 1998; the 11th edition of the British Code of Advertising, Sales Promotion and Marketing Practice; and the DMA Direct Marketing Code of Practice.