Construction workers' union UCATT expressed fears that insurance companies, who they believe should be taking responsibility for most
pay outs, will continue to "hide" behind the Government's proposals.
Mr Franks asked in particular why compensation
pay outs in the category "loss" had increased over the past financial year.
After weeks of negotiations Rhodia has now reached a deal with the GMB and Amicus, which also represents workers at the plant, to secure
pay outs according to their final salary.
RBS, which will be 84% state-owned under the terms of the Asset Protection Scheme, has to agree the size of its
pay outs with UK Financial Investments, the body set up to manage public stakes in financial firms.
Law firms allegedly claiming cash from former miners' compensation
pay outs are to be told to repay the money by the Government.
But last night, trustees and families, who were sent letters, were staying tight-lipped about the size of the
pay outs.
As part of the terms of its deal to insure bad debts, the Government wants to dictate both the "quantum and shape" of the
pay outs at the bank for 2009, it is claimed.
A separate study by research company Sanford C Bernstein puts the company's liability at $38bn, with
pay outs averaging around $650,000
WHY is there this obsession with National Lottery
pay outs such as the recent pounds 23 million superdraw when most people would have no idea of what to do with half of the money they had won!
THREE directors of Marconi shared multi-million pound
pay outs yesterday after they cashed in some of their share options.
But chairman Allan Leighton admitted that ``tough decisions'' still have to be taken to keep the group on course for a full-year profit of pounds 400m, which will trigger the
pay outs to staff next year.