CARBIDE A YEAR AFTER BHOPAL
As the Union Carbide Corporation passes the first anniversary of the accident at its pesticides plant in Bhopal, India, the company is shaken by giant lawsuits, the threat of a takeover and low employee morale. No American company has had to deal with greater tragedy than Bhopal, where more than 2,000 people were killed a year ago Tuesday in history's worst industrial accident. Now, few companies face a more troubled future. Billions of dollars in Bhopal-related claims remain unresolved. A raft of other suits are pending over the toxic leak last August at the company's plant in Institute, W. Va. Samuel J. Heyman's GAF Corporation has acquired 10 percent of Carbide's stock and is seeking permission from the Securities and Exchange Commission to buy more. And a broad restructuring under way since August - aimed at reducing layers of middle management - has shaken Carbide's work force, according to current and former employees.