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Thursday, September 24, 1998 Published at 02:06 GMT 03:06 UK

World: Europe

Siemens sets up Holocaust fund

The German engineering company, Siemens, says it is setting up a special fund to pay compensation to people who were used as slave labourers during the Nazi era.

The twelve-million-dollar fund is to be administered independently and the first payments are expected before the end of this year.

Last month a group of Holocaust survivors in the United States sued some of Germany's best-known companies, including Siemens, over their use of slave labour during the Second World War.

Since then Volkswagen, which is also being sued, has announced the creation of a similar compensation fund.

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