Mr Lenny Andruchiw (63) of Dunscroft, had his thumb and all four fingers on his left hand severed by an industrial saw while working for Doncaster based Dixon Timber Products.
Since the accident in May 2010, Mr Andruchiw has been locked in a legal wrangle with his employers until this week when they agreed to settle out of court.
Dixon Timber Products manufacture worktops, cabinets and units for use in hospitals and industrial environments at their workshop in Balby, where the incident took place.
Mr Andruchiw , an experienced operative who had been with the firm for a number of years, said: "I was cutting small pieces of wood known as spacers when one of the offcuts was dragged down by the saw and my hand came into contact with the unguarded saw blade.
"I had only been given thin gloves which gave some protection against the splinters and the sharp melamine edges, but offered no protection against a saw blade."
After the accident, colleagues raced to Mr Andruchiw's side and gathered the severed fingers from the workshop floor.
Mr Andruchiw was taken to Doncaster Royal Infirmary but immediately transferred to the Northern District General Hospital in Sheffield for specialist surgery to try and save the fingers.
Surgeons were able to reattach the little finger using wires, but the other digits were too badly damaged to be saved.
Diane Parker, partner and head of personal injury at Doncaster law firm, Atherton Godfrey, said: "The injuries were so severe that Mr Andruchiw required extensive physiotherapy to regain even partial use of his left hand and has been unable to return to work since the incident.
"He now has a significant disability and has had to adapt to an entirely new way of life. It is only right that he receives compensation to help him continue to live as independently as possible."
Employers Dixon Timber Products Limited settled the claim for a six figure sum without a formal admission of liability.
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