A workplace accident can have disastrous financial consequences for a company

Axel informs you about workplace accidents!

The annual cost of occupational accidents and injuries worldwide comes to USD 2,680 billion
There were more than 3.3 million serious workplace accidents in the EU in 2017 and 3,552 fatal accidents.
Here at Axelent, we’ve touched on the fact that workplace accidents can have serious consequences for the injured person as well as for their relatives, colleagues and managers in previous articles. But a workplace accident can also have disastrous financial consequences for a company.
In addition to the emotional and purely financial costs of caring for the injured person, there are a number of indirect costs, such as equipment replacement, production shutdowns, fines/compensation, reduced productivity, bad press, recruitment and training of new employees plus reduced productivity from other employees – to name just a few.

Source: European Agency for Safety and Health at Work and the American Society of Safety Professionals

Find more resources and Knowledge

8 Nov 2023 / Knowledge, Machine Safety, Axelent Safety Group, We are all about safety, Click fitting

Axelent Safety Webinar - "New machine safety standards and the Machinery Regulation”

3 Oct 2023 / Knowledge, We are Axelent, Sustainability

For us, sustainable development means taking steps towards a healthier and more prosperous world

25 Jul 2023 / Knowledge, X-Guard Lock

How to deal with locking-in hazards. When should you install “escape release”?

1 Jun 2023 / Knowledge, Machine Safety, Axelent Safety Group, We are all about safety

The topic is “From risk assessment to the choice of guards”