Feds move to simplify OSHA regs, cut compliance costs
May 27, 2011 | 02:14 PM
| Sean Davidson
NEW YORK The Occupational Safety and Health Administration (OSHA) plans to finalize a proposed rule that would synchronize U.S. hazard classifications and labels with those used by other nations, the White House announced this past week.
OSHA expects the move to result in annual savings for employers ranging from $585 million to $798.4 million. The plan was one of several highlighted in a conference call held to outline results of the the White Houses retrospective analysis of existing regulation.
The majority of these benefits will be realized through increases in productivity for health and safety managers, as well as for logistics personnel, with savings ranging from $472 million to $569 million. Its estimated that simplifying requirements for hazard communication training will provide savings of up to $285.2 million. Additionally, establishing uniform safety data sheets and labels will save between $16 million and $32.2 million, according to the agency.....
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