Company/Organisation:
Waterford Crystal
Geographic Location
Country:
Ireland
Region:
South-East (IRL); Southern and Eastern
Company
Sector:
Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
Group:
Waterford Wedgwood
Employment Effects
Announcement Date:
17-07-2003
Planned Job Reductions min:
234
Planned Job Reductions max:
234
Type of Restructuring:
Internal restructuring
Direct Dismissals:
234
Additional Information
Of the 234 job reductions at Waterford Crystal, 129 will affect temporary workers on short-term contracts, as well as 105 voluntary redundancies drawn from the permanent workforce.
The terms of the voluntary redundancy arrangements will be 6 weeks pay per year of service, inclusive of statutory entitlements. The company has attributed the redundancies to a slowdown in demand in its critical US market.
Sources:
24-07-2003Industrial relations news
17-07-2003The Irish Times
Sources Links:
www.irn.ie
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