Swiss bank says slave labor liabilities covered by existing Holocaust settlement

Union Bank of Switzerland (UBS) said yesterday compensation of the slave labors employed in a Polish cement factory in which UBS had a stake would be covered through the existing holocaust settlement. The factory in question was Gollaschauer Portland Zementfabrik which was set up in 1930 by a group of European banks after the 1929 stock market crash. When the Nazis invaded Poland in 1939, the factory came under their control. In related news, the daily Zycie has learned that leaders of Roma associations are attempting to swindle money from Roma slave laborers by encouraging them to seek compensation through the associations led by people of questionable integrity. Some of these leaders have pending criminal cases in Poland. (Reuters, Zycie, page 1) S.M.