Staff take legal action to secure profit share

UP to 300 Waterford Crystal workers are taking legal action and looking for their share of the profit from the rezoned lands owned by the company and used by its sports and social club.

Staff at the company’s Dungarvan and Waterford city plants unanimously backed plans by the company to rezone the 22-acre parcel of land at its Cork Road plant in Waterford at meetings two months ago.

They backed the plan under the proviso that money raised through the sale would be used to secure the future of the plant. Waterford City Council also adopted the rezoning plan. It has increased the value of the land to around €30 million.