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Article Asbestos victims don�t die by instalments: James Hardie shouldn�t compensate by instalments
Title : Asbestos victims don�t die by instalments: James Hardie shouldn�t compensate by instalments

Asbestos victims don�t die by instalments: James Hardie shouldn�t compensate by instalments

http://www.gban.net/2014/09/15/adfa-media-release-asbestos-victims-dont-die-by-instalments-james-hardie-shouldnt-compensate-by-instalments/

ADFA Media Release: Asbestos victims don�t die by instalments: James Hardie shouldn�t compensate by instalments

15 Sept 2014 � Sydney, NSW

Media release � Asbestos Diseases Foundation of Australia (ADFA), Barry Robson, President

Asbestos victims don�t die by instalments: James Hardie shouldn�t compensate by instalments

Asbestos groups are outraged by the announcement that the James Hardie asbestos compensation fund will seek approval from the Supreme Court to pay victims by instalments following a forecast shortfall of funds within three years.

The Asbestos Diseases Foundation of Australia said the move was a slap in the face to victims, especially as James Hardie had recently found $500 million to pay in dividends to shareholders and given pay rises to top executives, with CEO Louis Gries now earning $11 million a year.

ADFA president Barry Robson said the reason for the funding shortfall was because the number of Australians dying from James Hardie asbestos products was still climbing, with a particular spike in the number of cases of mesothelioma, an incurable cancer caused by asbestos.

�Asbestos victims don�t die in instalments, they don�t lose the ability work or care for themselves in instalments, yet James Hardie wants to see them compensated in that way,� Mr Robson said.

�James Hardie spent decades knowingly selling these deadly products which to this day are still found in millions of homes and workplaces around Australia, leading to a growing number of home renovators and others in the community being exposed to asbestos fibres.

�The death toll from those products is still rising, with more Australians now dying each year from asbestos related diseases than the total number who die on the roads.

�These diseases are particularly devastating and require costly medical care.�

Mr Robson said the rise in the number of Australian�s being diagnosed with asbestos related diseases made any potential funding shortfall even more concerning.

�We will be working with the NSW Government, unions, community organisations and other supporters � just as we did ten years ago � to fight for justice for every single victim of James Hardie asbestos products,� he said.

�If James Hardie can find half a billion dollars to hand over to shareholders, and $11 million a year just for their CEO, surely they have an obligation to ensure every victim of their deadly asbestos products is properly compensated.�

For media comment please call ADFA President Barry Robson on 0407 235 685

Barry Robson, Charter GBAN Member, Australia

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