ABB secures Baldor for $3.1bn cash

first_img whatsapp whatsapp Tuesday 30 November 2010 8:08 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center HIGH-TECH engineering manufacturer ABB has agreed a $3.1bn (£2bn) bid for US industrial electric motor maker, Baldor Electric Company.ABB will pay $63.50 per share in cash for NYSE-listed Baldor, a 41 per cent premium to Baldor’s closing price on 29 November. The deal values the company at $4.2bn, including $1.1bn of net debt.The deal is ABB’s first major US acquisition and fits with its strategy to both close a gap in its automation portfolio and strengthen its north American presence. The Swiss firm expects to generate more than $200m in annual synergies by 2015, more than $100m of which would come from annual cost synergies and the rest from global revenue synergies, it said.“Baldor’s product range and regional scope are highly complementary to ours,” said ABB chief executive Joe Hogan in the statement. ABB’s move was anticipated as it had said it was looking for acquisitions, in possibly the automation sector, or the US, and had accumulated a cash pile of $5.3bn at the end of its third quarter trading this year. ABB will benefit from Arkansas-based Baldor’s motor and control system ranges, including its high-efficiency motors and mechanical power transmission business.“We intend to build on Baldor’s excellent North American position to sell energy efficient drives, larger motors and generators,” said ABB Executive Committee member Ulrich Spiesshofer.Baldor, which was established in 1920 and now has about 7,000 employees, achieved 2009 sales of $1.52bn and net earnings of $59.8m.The deal has been unanimously approved by all shareholders, the companies said. Citi served as financial adviser to ABB and UBS Investment Bank served as financial adviser to Baldor. Sharecenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ ABB secures Baldor for $3.1bn cash Tags: NULLlast_img read more

Have a heart for Valentine’s Day

About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 29 January 2000 | News The first charity tie-in for this year’s Valentine’s Day has been spotted.The first charity tie-in for this year’s Valentine’s Day has been spotted. Introduction agencies Drawing Down the Moon and Only Lunch have promised to donate to the British Heart Foundation 10% of the joining fee of any man over 37 who registers with them from 14- 29 February 2000. Single men over 37 are reportedly in particularly short supply. The corporate link humorously attempts to make a lot of hearts better. Advertisement Read UK Fundraising’s list of seasonal examples of online fundraising. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  16 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Have a heart for Valentine’s Day read more

USDA Extends Dairy Margin Protection Program Signup Deadline

first_img Facebook Twitter SHARE Home Indiana Agriculture News USDA Extends Dairy Margin Protection Program Signup Deadline Previous articleMidday UpdateNext articleClosing Comments Gary Truitt By Gary Truitt – Dec 4, 2014 USDA has once again extended the deadline for the dairy Margin Protection Program. Dairy producers now have until December 19th to sign up for the program. Vilsack said “this safety net is not automatic.”  The program, established by the 2014 Farm Bill, protects participating dairy producers when the margin – the difference between the price of milk and feed costs – falls below levels of protection selected by the applicant. But in order to be covered, producers must sign up for the coverage.Farmers also have a chance to share comments and help shape the Margin Protection Program for the future. Comments can be made online at regulations dot gov. (www.regulations.gov) Comments must be submitted by December 15th. USDA Extends Dairy Margin Protection Program Signup Deadline SHARE Facebook Twitterlast_img read more

Pesticide Legislation Introduced in Indiana House and Senate

first_img Pesticide Legislation Introduced in Indiana House and Senate Home Indiana Agriculture News Pesticide Legislation Introduced in Indiana House and Senate By Eric Pfeiffer – Feb 3, 2020 Legislation has been introduced in both the Indiana House and Senate that will increase fees for pesticide registration and increase the financial penalty for someone who does not follow the label for pesticide application. House Ag Chair Representative Don Lehe (R-District 25) is the author of House Bill 1119.“This whole drift issue and chemicals and herbicides, it’s a huge issue. We’re working with Farm Bureau, the Agribusiness Council, and the corn and soybean associations. We’re putting together some language trying to help alleviate the concern on the drift issue and liabilities there.”Lehe adds, “If we don’t do something, my biggest concern is we lose access to these really important chemicals and herbicides and things that we really need in agriculture.”Indiana Senate Ag Chair Jean Leising (R- District 42) hopes the Senate version of the bill she authored, SB438, will gain some traction, but it will take a lot of education on the issue.“One of the things that concerns me is that we actually have so few farmers here in the building, period. There are a couple real farmers in the House. I still own my farm, my son-in-law farms it, but I’m really probably the only person that’s really living on a working farm at this point in the Senate out of 50 members and that’s pretty concerning.”Where does this bill stand now? Leising says, “It’s kind of in flux right now. It’s still early in the session, so we’ll see what happens.”Indiana Farm Bureau is in support of the proposed legislation. Facebook Twitter SHARE SHARE Facebook Twitter Previous articleHAT Commentary: The Untold Story: How Agriculture is Saving the PlanetNext articleAttendees of Ag Alumni Fish Fry Sample New Boiler Bee Honey Eric Pfeifferlast_img read more

Interest in Starter homes, Premium Rise

first_imgHome / Daily Dose / Interest in Starter homes, Premium Rise in Daily Dose, Featured, News About Author: Staff Writer Servicers Navigate the Post-Pandemic World 2 days ago Interest in Starter homes, Premium Rise Previous: Transforming the Tenant Next: Outstanding Loans, Delinquencies Remain Flat The Best Markets For Residential Property Investors 2 days ago dsnews For Sale Luxury Homes Starter Homes Trade Up Trulia 2017-02-16 Staff Writer The Best Markets For Residential Property Investors 2 days ago We already spend 25 to 40 percent of our income on starter and trade up home. Trulia Experts say we should not spend more than 30 percent.Per the latest data reported by Trulia 51.1 percent of its inventory suggest that It’s a buyer’s market for Luxury housing. Although, there is a strong supply of inventory the average value in luxury homes has increased to 5.6 in the nation’s top 100 metros in 2016.  Only two cites saw a decline Houston (-1.5 percent) and San Francisco (-0.5 percent). In fact, during the last five-years home value in the U.S have doubled from 2 percent to 4 percent or 500,000 from 1 million in metro areas. Data shows that West Palm Beach, Florida, has the most luxury homes in the country, with nearly 70 percent of the value in the housing market coming from luxury homes. The city that makes up 50 percent of the largest starter and trade in luxury housing in America is Tacoma, Washington.Trulia also reported that other hot market for luxury homes, such as Aspen Colorado, have seen their luxury market grow 1 percent to 5.5 million, year-over-year from January 2016 to January 2017.Comparatively, the luxury housing market in the Hampton has spiked from 11.8 percent to 2,1 million during that same period. However, Colorado Springs have been proven to the largest inventory of premium homes on the market.  On average, each property is 3,056 square ft. compared to Detroit’s median of almost half that with 1,645 square feet.Finally, the most expensive property in the United State currently is located in Bel-Air, California valued at 250 million and consist of 12 bedrooms and 6,898 square feet.To view the full luxury homes info-graphic, click here. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago February 16, 2017 1,460 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Tagged with: dsnews For Sale Luxury Homes Starter Homes Trade Up Trulia Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

YoY Housing Affordability Declines—a First Since January 2019

first_img Previous: 2021 Five Star Conference Welcomes Home the Industry Next: Rise in Demand Drives Home Price Appreciation Housing affordability on an annual basis declined in March for the first time since January 2019, signaling the end of a more than two-year streak of rising affordability, according to the latest affordability report from First American Financial Corporation and its Chief Economist Mark Fleming.“The long run of increasing affordability snapped, even as two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of greater affordability relative to one year ago,” Fleming said. “Lower mortgage rates and higher household income compared with one year ago propelled an 11% increase in house-buying power. However, surging house-buying power drives demand, and rising demand in a supply-constrained market accelerates nominal house price appreciation,” said Fleming. “In March, the final component of the RHPI, nominal house prices, appreciated at its fastest annual pace since 2005, 14.8%, wiping out any affordability boost from rising house-buying power. Yet, real estate is local and since house-buying power and nominal house price gains vary by city, local affordability trends may differ greatly city by city as well.”Affordability decreased most in Kansas City, in March. Fleming attributes that to the city’s 4.3% annual decline in household income and 16.5% increase in nominal home prices compared to one year ago.”Phoenix and Tampa both had even faster nominal house price appreciation than Kansas City, but household incomes held steady in both markets, so the relative affordability loss was less than in Kansas City,” Fleming said.Affordability also decreased in Seattle and Austin due to a combination of fast nominal house price growth and lowering household incomes.”In all of these markets, the takeaway is that nominal house price appreciation accelerated to a level that eliminated any affordability gains from strong house-buying power,” Fleming said.So, where will all of this lead in terms of house affordability?Fleming says that as house prices continue to climb, some prospective homebuyers could pull back. Decreased competition could then cause appreciation to moderate, which may help affordability.In addition, he says, “as more and more people are vaccinated and the economic recovery continues, demand for labor is likely to increase, and that can put upward pressure on wages as employers compete to attract employees.”At the same time, mortgage rates edged down slightly in April and even dipped below 3% in May. House-buying power is likely to remain robust in the months to come, but affordability trends will likely hinge on changes in nominal house price appreciation.”Below are a few key takeaways from First American’s RHPI for March, which can be read in full at firstam.com.Real house prices increased 4.2% between February 2021 and March 2021.Real house prices increased 3.5% between March 2020 and March 2021.Consumer house-buying power, how much one can buy based on changes in income and interest rates, declined 2.5% between February 2021 and March 2021, and increased 10.9% year over year.Median household income has increased 5.9% since March 2020 and 77.8% since January 2000.Real house prices are 21.6 % less expensive than in January 2000.While unadjusted house prices are now 25.3% above the housing boom peak in 2006, real, house-buying power-adjusted house prices remain 44.9% below their 2006 housing boom peak. Home / Daily Dose / YoY Housing Affordability Declines—a First Since January 2019 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago YoY Housing Affordability Declines—a First Since January 2019 About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-05-24 Christina Hughes Babb 6 days ago 419 Views Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Sign up for DS News Daily Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Related Articles  Print This Post Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

Plea In Delhi High Court Seeks Ex Gratia Payment To Families Of Judicial Officers, Court Staff Who Lost Their Lives Due To Covid 19

first_imgNews UpdatesPlea In Delhi High Court Seeks Ex Gratia Payment To Families Of Judicial Officers, Court Staff Who Lost Their Lives Due To Covid 19 Nupur Thapliyal8 May 2021 12:50 AMShare This – xA plea has been filed in the Delhi High Court seeking ex gratia payment to the kith and kin of judicial officers and members of the court staff in tune of Rs. 1 Crore and 50 Lakhs respectively who have lost their lives due to covid 19 virus. The plea also seeks direction to declare late Kovai Venugopal and Kamran Khan, judicial officers who recently succumbed to covid 19, as frontline workers.The petition moved by Advocate Tanveer Ahmed Mir states that the respondent authorities have shown “little empathy towards such officers and their kith and kin” who have lost their lives while performingtheir duties without any fail as frontline warriors in the implementation of justice.The Respondents in the matter are GNCTD, Department of Finance, GNCTD, Department of Home Affairs, Delhi Secretariat, Department of Law and Justice, Delhi and Delhi High Court through its Registrar General.Stating that at the onset of the covid pandemic last year, when lower judiciary in most parts of the Country was not functioning, the plea highlights that the Delhi High Court as well as the Subordinate judiciary played a pivotal and exemplary role in setting up immediate redressal mechanisms for conducting virtual hearings.”During this period of time a number of court staff members belonging to the lower judiciary as well as judicial officers got infected but nevertheless attended the court hearings, facilitated the same for the benefit of general public at large.” The plea states.Furthermore, the plea also states that the respondents miserably failed in performing their duties and abdicated their legal, political and social responsibility in protecting the life of a large number of legal professionals, judges and court staff who were at a risk of contacting the covid 19 virus.”It is submitted that inaction on part of the respondents in providing no guarantees of medical reimbursement of medical expenses incurred at private hospitals at huge unbearable exorbitant rates, is also liable to be struck down and immediate directions need to be immediately passed to instill confidence in the judicial community that all medical expenses would be reimbursed irrespective of whatever hospitals, private, semi-private are used for medical treatment. It is submitted that inaction on part of respondents No. 1 to 4 is in gross violation of the rights of the effected members under Articles 14, 19 & 21 of Constitution of India.” The plea reads.Addressing the deaths of two judicial officers who have lost thier lives due to covid 19 pandemic, the plea seeks the following prayers:-Issue an appropriate writ, order or direction, holding that Late Sh. K. Venugopal, Ld. Family Judge, Saket District Courts, Late Sh. Kamran Khan, MM, Dwarka District Courts, Delhi lost their unfortunate lives while performing their duties as frontline warriors in the line of duty.- Issue an appropriate writ, order or direction,directing respondents No. 1 to 4 to immediately and forthwith pay an amount of Rs. 1 Crore each to the kith & kin of the deceased judicial members as an ex-gratia relief.- Issue an appropriate writ, order or direction, directing the office of Registrar General, Hon’ble Delhi High Court (Respondent No. 5) to immediately collate and place on record the details of the members of other lower judiciary court staff, the court staff of the Hon’ble Delhi High Court who unfortunately may have lost their lives due to COVID-19 while performing their duties and in such cases, direct the respondents No. 1 to 4 to pay appropriate ex-gratia relief to their kith & kin not being less than Rs. 50 Lakhs per officer/employee/court staff and further direct the respondents to provide employment to the next of the deceased on compassionate grounds.- Issue an appropriate writ, order or direction, directing the office of Registrar General, Hon’ble Delhi High Court (Respondent No. 5) to immediately collate and place on record the details of medical expenses that had been borne till date and would be borne in future by the members of lower judiciary, subordinate staff as well as the court staff of Delhi High Court and to place the same on record before this Hon’ble Court and issue appropriate directions to the respondents to ensure that all such medical expenses would be reimbursed irrespective of the fact whether the patients were hospitalized in empanelled hospitals or other private hospitals.Tagsdelhi high court covid 19 second covid wave Ex Gratia Payment Families Of Judicial Officers Court Staff kovail venugopal kamran khan Next Storylast_img read more

Over 50 social housing offers in Letterkenny/ Milford MD refused

first_imgAudioHomepage BannerNews Google+ Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows Facebook Over 50 social housing offers in Letterkenny/ Milford MD refused Google+ Nine til Noon Show – Listen back to Monday’s Programme Pinterest WhatsApp Community Enhancement Programme open for applications Facebookcenter_img By News Highland – February 1, 2021 Twitter Publicans in Republic watching closely as North reopens further RELATED ARTICLESMORE FROM AUTHOR Previous articleNumber of Covid-19 hospitalisations increase to 1,529Next articlePfizer supply issues cause of hospital vaccination programme – Dr McCauley News Highland Pinterest Important message for people attending LUH’s INR clinic Twitter WhatsApp It’s emerged that more than 50 people offered housing by Donegal County Council in the Letterkenny/ Milford Municipal District last year turned it down.A total of 125 offers for social housing were issued in 2020 with 52 houses refused.Councillor Gerry McMonagle says the figures are surprising given that housing is one of the biggest issues Councillors are dealing with.He says there needs to be a change in policy to ensure extra social housing is provided in the outlying areas of Letterkenny:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2021/02/mcmonagle1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

Ready for football

first_img“We are looking forward to getting started,” he said. “Our kids have worked hard and have a chance to be a pretty good football team.”The PLAS Patriots will travel to Alabaster tonight to play in the Kingwood Jamboree. They will play Coosa Valley and Evangel two quarters each. Sponsored Content Remember America’s heroes on Memorial Day Troy Mayor Jason A. Reeves told the gathering that it means a lot for people to come out and show their support for the local football programs.Coach Neal Brown and Troy cheerleader, Mike Amos predict Troy University number 1.“We see out here today how important football is,” Reeves said. “Football teaches life lessons and makes better citizens. We appreciate the excitement that Coach Neal Brown is bringing to Trojan football. Troy University football is an economic driver for the city.”Reeves said he recently attended a meeting of mayors and, to a one, they wished they had Troy University in their towns. You Might Like REPORTS FILED: Municipal candidates log income, expenses   Of the 21 candidates running for office in Troy and Brundidge, only nine have submitted campaign finance reports to… read more Tonya Terry, WFSA, emcee for Brown Bag football kick-off talked football with; from left PLAS coach Gene Allen, Troy University Head Coach Neal Brown, CHHS Coach Brad McCoy.The square in downtown Troy was packed at noon Thursday with football fans of all ages.“It was evident that Troy is ready for some football,” said Shelia Jackson, Troy public relations director. “Tuesday’s Brown Bag was an opportunity for people to come out and meet the head football coaches from Troy University and our local high schools, to hear a great band in the Jim Bell Trio and to enjoy the fellowship of friends and neighbors.”The Brown Bag event was billed as a kickoff to football season in Troy. The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Pike County Sheriff’s Office offering community child ID kits Email the author Published 3:00 am Friday, August 19, 2016 Book Nook to reopen Ready for football Troy falls to No. 13 Clemson Pike Liberal Arts Coach Gene Allen said the football season looks promising for the Patriots with 13 returning seniors and some good kids coming up. Allen said the Jamboree will let the Patriots know where they stand and what they need to work on.CHHS Coach Brad McCoy said, too, that his team is ready to strap on the helmets and play football. The Trojans will travel tonight to play the PCHS Bulldogs in their home stadium. It’s a rivalry game and one that the Trojans eagerly await.“We practiced and now we are ready to play,” McCoy said. “We have 13 seniors on this year’s team and we’ll be looking to them to lead.McCoy said the Trojans are appreciative of the support they get from the city.  They will show their appreciation to the city’s employees, law enforcement officers and first responders by honoring them at the Trojans’ first home game. They will be recognized on the field during pre-game ceremonies.Troy University Coach Neal Brown said he is excited that the Trojans have six home games on their schedule. That will be good for the Trojans and the hometown folks.“We will have a much better football team than last season,” Brown said.“We ended the season strong. We played our best game at the last game and that carries over.”Brown said this year’s schedule includes only one Power 5 team, Clemson, and that’s a much more favorable schedule than last year’s.The Trojans defense will be its strength. The offense will be young but exciting to watch. The kicking game is solid. The Trojans will be competitive all around, Brown said.Brown spoke to the parents in the crowd who might be dubious about letting their sons play football.“Football is not that dangerous,” he said. “There are more head injuries in girls’ soccer than there are in football at all levels. Football is the best developer of young men going. So, if you have questions about your son playing, let me say that the rewards are worth the risks.” By Jaine Treadwell Latest Stories Plans underway for historic Pike County celebration Print Article By The Penny Hoarder Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Stop picking on me

first_img Previous Article Next Article Stop picking on meOn 1 Jul 2001 in Personnel Today Comments are closed. Bullying at work is not just bad practice, it  is now officially illegal following a recent Scottish judgment.Advice is given on how to help both perpetrator and victim.  By Gillian Howard Up to one in 10 people suffers from workplace stress and bullying, leadingin some cases to unemployment or hospitalisation, according to a reportpublished late last year by the International Labour Organisation. In thereport, which covers surveys from five countries, the ILO says that this costsindustry and taxpayers billions of dollars each year. Stress, burnout anddepression now affect one in 10 workers, with depression second only to heartdisease in disabling conditions. And new research from the Trades UnionCongress suggests that stress and long hours are caused by poor management. Thereport, Work smarter – an end to burnout Britain reveals that six millionworkers believe their bosses do not know how to manage staff. TUC general secretaryJohn Monks called for efforts to curb stress and the long-hours culture. In another survey the UK Mental health charity Mind report that 27 per centof people questioned said they would rather lie to their boss than say they hadto take time off work because of mental stress. What do the courts say? In the first case on bullying to be heard by the House of Lords – Waters v.Metropolitan Police Commissioner, 2000, IRLR 720 – the Law Lords held that anemployer could be held negligent if that employer failed to protect an employeeagainst victimisation and harassment which caused either physical or mentalinjury. This was, held the Lords, particularly the case where an employer knew orought to have known that an employee or several employees were carrying outacts during their employment which could cause physical or mental harm toanother employee and that employer “did nothing to supervise or preventsuch acts when it was in their power to do so”. It could also be negligent on the part of an employer if it was foreseeablethat the employee in question would be bullied or victimised or retaliatorymeasures taken against them and the employer took no protective steps toprevent or reduce that conduct. What steps should an employer take? This case makes it clear that an employer can only avoid being heldnegligent if there is a clear recognition within the employment that bullyingcan take place, what it is and how the victim can seek help and assistance fromsenior management. Management must have policies in place to act swiftly once bullying has beendrawn to their attention. In the first instance an independent and sensitiveinvestigation should be carried out including interviewing all relevant staff,both current and former employees, in order to obtain a balanced picture of thealleged bully and of his or her past activities. Contemporaneous witnesses will be particularly important to interview. Theywill be work colleagues, friends or close family to whom the victim hasreported the bullying. It is unlikely that there will be any eye witnesses. The policy on bullying should emphasise that, if possible, the victim shouldkeep records of what has been said and done to them so that a clear account canbe put to the alleged bully. In investigating accusations of bullying, records such as appraisals will beimportant to ascertain whether any unfairness or punishment has been meted outby way of – An unfair appraisal – A poor salary increase or bonus award – Increasing the workload unfairly or excessively – Deliberately isolating or eliminating the victim from legitimate businessmeetings, etc Employers must ensure that victims are removed from the stressfulenvironment or, better still, the bullies are removed from the workplace andoffered psychological counselling and interpersonal skills training andpossibly cognitive behaviour therapy in order to help them modify theirbehaviour. If (or when) these claims succeed, the damages are normally high as victimsmay never work again and their physical and mental health can often bedestroyed. Scottish case confirms bullying is unlawful If further proof was needed that the courts are now taking bullyingseriously, then the recent Scottish Court of Session (the Scottish equivalentof the English Court of Appeal) confirms this. In Cross v. Highlands and Islands Enterprise, 2001, IRLR 336, the Court ofSession has ruled that where an employer knew or should have known that theworking conditions in which they required an employee to operate were sostressful that it was objectively likely that, over time, the employee wouldsuccumb to psychiatric illness and who nevertheless continued to subject theemployee to those conditions despite growing signs that he or she wasdeveloping such psychiatric illness, that employer would be liable for any lossand damage suffered by that employee. While the court recognised the difficulty of proving that the illness wasforeseeable and that the work situation was the primary cause of thepsychiatric illness, the court held that the standard of care expected of anemployer was that to take such care as a “reasonably careful employerwould take in the circumstances”. In the case of James Cross, he sadly committed suicide after complaining tohis immediate boss, colleagues and family that he could not cope with his job.He had complained to his GP that his workload was too heavy, that he lackedproper assistance and had inadequate secretarial support. After nearly three months off sick, he was certified as significantlyimproved by his doctor and signed fit for work. In this particular case hisemployers took all reasonable measures including ensuring that his supervisorspent the whole of his first day back at work organising his workload byreducing the amount and eliminating the difficult more cognitive work, givinghim more procedural tasks to work on. Despite all this support and assistance some two months later he shothimself. The employer was not held liable for his suicide in light of all the stepsand measures they had taken in this particular case. The normal rule of the “egg shell skull” principle also applied.Thus if an individual was more susceptible to bullying or stressful conditionsthan others and the employer knew of those susceptibilities, then the employerowed a higher duty of care to that individual. So if employees return to work following a spell of sickness absence for”stress” or anxiety or depression, it is essential that reasonableadjustments are made to their work and workplace in order for them to easetheir way back into work. What is a bully? There have been many descriptions of bullies but typically they will – Make life difficult for their staff – Shout in front of others to get things done – Refuse to delegate when appropriate – Block promotion or refuse to give fair appraisals, pay or bonus awards – Exclude the victim from legitimate business activities – Criticise unjustly, and – Constantly attack that member of staff in terms of their professional orpersonal qualities The effects of bullying The health effects are self-evident. Most people who are bullied suffer frominsomnia, anxiety, headaches, high blood pressure, skin rashes, bursting intotears, palpitations, sweating and loss of self-confidence. Often the victims ofbullying will choose to leave their jobs rather than allow the bullying tocontinue, fearful that complaining will merely make it worse. The role of occupational health The role of occupational health is often crucial as this may be the victim’sfirst port of call. Careful medical notes must be kept and very careful consideration of whetherto report the facts of the allegations to management will have to be made. In the first instance of course the patient’s informed consent should beobtained. However if this is not forthcoming then resort may have to be made inthe form of discussions with human resources or senior management about thetime-honoured hypothetical case of bullying. However, in very serious cases where there is a real risk of suicide orimminent or other serious danger to the individual or to others, then ifinformed consent cannot be obtained, the occupational health physician may haveto determine whether a limited report should be made in any event. This wouldnormally be done only after discussion with other professional colleagues andperhaps the relevant medical insurance provider. Remember, in law, once one member of staff knows about the facts, theorganisation is deemed to know. And, in law, constructive knowledge of bullyingwould satisfy the foreseeability test. – Tim Field at www.successunlimited.co.uk– Several trade unions including UNISON, MSF and the GMB have very goodbooklets on bullying in the workplace. – ACAS has recently published an excellent booklet entitled “Bullyingand harassment at work – a guide for managers” available on the ACASwebsite www.acas.org.ukGillian Howard is an employment lawyer with Howard & Howard,solicitors The model policy– Define bullying– Give clear and simple guidance on how to complain– Ensure that the matter is investigated fairly– Separate the bully and victim if necessary– Take witness statements from all relevant parties including witnesses whomay have left employment– Analyse exit interview forms and notes– Prepare a formal written document containing the allegations in sufficientdetail and an analysis of the complaint with findings of fact but not aconclusion or recommendation – always being wary of the timing of complaintsand the ripple effect– Share the contents with the victim and the bully– Consider whether medical treatment is necessary or appropriate for thevictim or the bully– Consider cognitive behaviour therapy for those prone to bully– Ensure that victims feel supported at all times and know that they willnot be allowed to be victimised because of their complaints– Train staff by role playing and education– Ensure that the policy is well circulated and kept up-to-date Related posts:No related photos.last_img read more