Holcim ordered to dish out US$32m to workers

Holcim ordered to dish out US$32m to workers
Published: 16 November 2007

 The office of Ecuador’s attorney general (PGE) has ordered the local branch of Holcim to pay US$31.7mn to its workers, PGE said on its website without reporting the number of workers to benefit.  
 
The money is to be awarded under the concept of profit sharing as required by law, which PGE ruled that  Holcim had failed to do between 1999 and 2003. The amount represents 15% of  Holcim del Ecuador’s profits for the period in question.  
 
The affected workers had presented their case to the labor ministry, which in July found in the workers’ favor but then suspended its decision.