Man paid to do nothing wanted $2 million but he missed his chance by two days: Report

WION Web Team
New Delhi Published: Jun 08, 2020, 04:22 PM(IST)

Representative image. Photograph:( Zee News Network )

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The Paris appeals court ruled that Zenone couldn't benefit from the plan because he'd already agreed to an expatriate position in Singapore. That suspended his French employment contract and excluded him from buyout offers made to Lafarge's domestic staff

An executive who was paid about $18,000 a month by LafargeHolcim Ltd. to do nothing failed in his suit to force the company to fire him with a payout worth more than $2 million, according to Bloomberg 

When his employer Lafarge SA announced in 2015 a staff-buyout program as part of its merger with Holcim Ltd., Antoine Zenone hoped he could make a fortune but the company told him he wasn't eligible and French judges have said "non" -- three times in a row.

The Paris appeals court ruled that Zenone couldn't benefit from the plan because he'd already agreed to an expatriate position in Singapore. That suspended his French employment contract and excluded him from buyout offers made to Lafarge's domestic staff.

Zenone was seeking about 2.1 million euros ($2.3 million) and until recently had been paid 16,195 euros gross a month by Lafarge without having to provide any work, according to last week's ruling.
The world's two largest cement makers combined in 2015 to cut costs and boost value as demand for building materials eroded. But LafargeHolcim shares slid in subsequent years on a loss of investor confidence and a scandal over operations in war-torn Syria.

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