Socialist Worker

did things get better?

Issue No. 1739

did things get better?

Asbestos scandal

THOUSANDS OF former shipyard workers are to get just 5 percent of the compensation they are owed for exposure to deadly asbestos. Most will now be left with nothing after paying lawyers. The scandal is the result of the collapse of insurance firm Chester Street Insurance Holdings. Victims are now demanding the government steps in.

Partner in crime

BARCLAYS BANK has handed over �150 million in bonuses to executives. The same bank slashed 25,000 jobs in the 1990s and closed down dozens of branches. The Trade Union Congress has just decided that Barclays is a model for its Partnership Institute, "designed to get away from the 'them and us' mentality".

No little payout

WORKERS AT Littlewoods, the store and catalogue shopping group, are facing mass redundancies. But the firm has just splashed out �500,000 on a luxury home for its chief executive, Barry Gibson. He already gets �700,000 a year basic, and is headed for a big bonus when the company floats on the stock market.

  • Terry Benson, the chief executive of recruitment firm Michael Page, grabbed �2.4 million last year.

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Article information

Sat 17 Mar 2001, 00:00 GMT
Issue No. 1739
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