EMCC European Monitoring Centre on Change

Waterford Crystal

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.