$14.6M for slaves – Part of larger settlement

Food producer Nestle will pay $14.6 million toward a settlement with Holocaust survivors and Jewish organizations to meet claims over the company’s use of slave labor during WWII, the Associated Press reported Aug. 28.

Nestle is contributing to a $1.25 billion settlement agreed upon by Switzerland’s two largest banks in response to the alleged use of slave labor in German subsidiaries by Swiss companies. Nestle acquired a company in 1947 suspected of using forced labor during the Nazi era.

“Nestle expects this contribution to cover all possible legal claims that might be raised against it both in Switzerland and abroad,” a statement from the group said.

For full story, go to AOL.

Leave a Response

Your email address will not be published. All fields are required.