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O-I Glass Subsidiary Floats $610 Million Asbestos Bankruptcy Settlement

A bankrupt subsidiary of O-I Glass Inc., just one of the world’s major makers of glass container items, has proposed a $610 million settlement to solve highly-priced litigation arising from manufacturing thermal insulation merchandise that contained asbestos, a most cancers-producing mineral.

The proposed settlement, produced community in papers filed Wednesday in the U.S. Personal bankruptcy Court in Wilmington, Del., would produce a rely on to compensate people today who allege own hurt from the insulation products. A corporate predecessor stopped earning…

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Vinod Kumar

Vinod Kumar is Human Resources & Management or HR Manager in a renowned car manufacture company and deals all kinds of disputes under PF, ESIC and other benefits for employees. And holds the management command in his hands.

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