Waterford Crystal may extend holiday shutdown to avoid job cuts

MANAGEMENT and unions at Waterford Crystal are considering an extended summer holiday shut-down in a bid to avoid job cuts at its plants in Waterford city and Dungarvan.

The speculation about an extended summer break comes as the company's year-end balance sheet shows the pension fund deficit has risen to

162 million. The figure is the exact same as the company's stock market value last Friday morning at a share price of 21 cents.