James Hardie, unions sign asbestos compensation pact
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SYDNEY: James Hardie said today it has signed an initial agreement with unions and asbestos sufferers groups to set up a special purpose fund to support asbestos disease sufferers and their bereaved families.
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Italian carrier Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the airline, the final hurdle in long negotiations for ensuring the company's survival.
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Shares in James Hardie Industries have fallen sharply after the embattled building products group posted a 17 percent fall in net profit blamed on the costs of an inquiry into its handling of compensation claims by asbestos victims.
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James Hardie Industries NV, facing aA$1.2 billion ($880 million) bill to compensate asbestos victims, said Chief Executive Officer Peter Macdonald quit, a month after an inquiry found he misled investors about the costs.
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Embattled building products firm James Hardie Industries NV is facing a potential flood of new asbestos compensation claims from Asian countries after a hard-won deal with Australian victims, a report said.
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International buildings materials firm James Hardie is caught in a row over a  compensation fund for asbestos victims which faces administration.
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Australian building group James Hardie Industries misled the public when it said it had set aside enough money to meet asbestos compensation claims.
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Although asbestos was used in such disparate products as building insulation and brake linings, in its raw form it came out the ground, and nobody in Australia mined and processed more of it than the James Hardie group.
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Italian airline Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the carrier, the final hurdle in long negotiations for ensuring the company's immediate survival.
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Hourly workers at four BF Goodrich tire factories in the United States and Canada have ratified a new labor agreement, the United Steelworkers of America said.
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Postal union leaders agree a deal aimed at solving a bitter dispute over pay and conditions.
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Postal union leaders agree a deal aimed at solving a dispute over pay and conditions.
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Embattled building products firm James Hardie Industries NV yesterday signed a landmark compensation deal for thousands of Australians battling asbestos-related disease after exposure to its products.
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Australian building products firm James Hardie Industries NV faces possible charges after a government inquiry found it broke the law when it said in 2001 it had enough money in a fund to compensate thousands of asbestos victims.
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MORE than 700 asbestos disease victims face reduced payouts in the immediate future after James Hardie&#39;s compensation fund today applied for provisional liquidation.
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Union delegates, asbestos victims and workers are marching from Melbourne&#39;s Trades Hall to the Stock Exchange, calling on James Hardie to provide sufficient funds for asbestos victims.
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Unionized workers have reached an agreement with a group representing 14 luxury hotels to end an eight-week lockout, allowing about 4,000 maids, bellhops