News from and about Ukraine & Ukrainians: Ukrainian Community Press Releases
BRAMA, September 23, 2002, 3 pm ET
IOM Pays Slave Labourers Under Swiss Banks Settlement
GENEVA, 20 September 2002 - In the framework of its Holocaust Victim Assets Programme (HVAP), the International Organization for Migration (IOM) has completed its third round of payments and has paid another 136 victims their full compensation of US$ 1,000. All beneficiaries performed slave labour under the National Socialist regime and were persecuted by the Nazis for being Roma, Jehovah's Witness, handicapped or homosexual. With that IOM has now made payments to a total of 436 Slave Labour Class I claimants under the Swiss Banks Settlement. Two more rounds of payments are scheduled by the end of the year.
"The first three rounds of claims were relatively quickly resolved due to close coordination with the German Forced Labour Compensation Programme", the Director of IOM's Compensation Programmes Dirk De Winter explained. "We are now looking forward to also start paying members of the Refugee Class within the next months."
IOM is one of the implementing organizations of the Swiss Banks Settlement, an agreement reached between Holocaust survivors and Swiss banks in 1999 that resulted from litigation before the United States District Court for the Eastern District of New York. The US$ 1.25 billion Settlement Fund serves to compensate for deposits in Swiss banks owned by Holocaust victims that were never returned to them or their heirs, and to pay compensation for former slave labourers and certain other victims of the Nazi regime.
IOM pays compensation to Roma, Jehovah's Witnesses, homosexuals, and handicapped persons who were persecuted by the Nazi regime and performed slave labour for German companies (Slave Labour Class I), and to those persons who were either denied entry into Switzerland or admitted but mistreated there as refugees (Refugee Class). IOM also pays compensation to Jewish and non-Jewish victims of Nazi persecution who performed slave labour for certain Swiss companies (Slave Labour Class II). As of the expiration of the filing deadline on 31 December 2001, IOM had received a total of 22,910 claims: 11,960 for Slave Labour Class I, 10,751 for Slave Labour Class II and 199 Refugee Class claims.
More BRAMA Press Releases -- Click Here
Comments and observations about this article and other news
may be posted to the BRAMA News & Politics Comment Board
DISCLAIMER:The contents of press releases on this website represent
solely the positions of their respective authors and organizations.
BRAMA neither endorses nor disapproves of the views expressed therein.
BRAMA retains all final rights as to what may or may not appear on these
pages. Anyone wishing to comment on the press releases is welcome to
post notices to the News and Politics Comment Board.