Asbestos company is forced to fund compensation shortfallBMJ 2005; 330 doi: https://doi.org/10.1136/bmj.330.7482.62-b (Published 06 January 2005) Cite this as: BMJ 2005;330:62
- Bob Burton
Hit by a national boycott, the major Australian building products company James Hardie Industries has agreed to compensate people with diseases induced by its asbestos products by providing approximately $A1.5bn (£0.6bn; $1.2bn; €0.9bn) over a period of at least 40 years.
Under a heads of agreement negotiated with the Australian Council of Trade Unions and groups representing people with asbestos related diseases James Hardie will, for each year of the term agreed, provide up to 35% of the company's annual cash flow from its global operations to a special purpose fund. The number of new cases of diseases relating to the widespread use …