Bankrupt Imerys Talc Seeks Up to $1.3 Million in Worker Bonuses

Imerys Talc America Inc. proposed paying more than $1.3 million worth of bonuses to a pair of senior executives and 16 other “critical” employees as it negotiates a way to reorganize in bankruptcy and deal with thousands of asbestos-related personal injury claims.

Implementing bonus programs for Imerys’ “key employees” is vital to the company’s continued operation and efforts to successfully resolve its Chapter 11 case, the Johnson & Johnson talc supplier told the U.S. Bankruptcy Court for the District of Delaware.

“Should the debtors lose access to such employees, many of whom have critical knowledge relating to the debtors’ products, ...