Wedgwood bonuses obscene, says union boss

UNION officials at Waterford Crystal have described as “outrageous and obscene” the bonuses paid to seven executives at a time when the company was axing 485 jobs in Dungarvan.

The seven executives in Waterford Wedgwood pocketed €10.2 million in salaries and bonuses last year while close to 2,000 staff are facing redundancy in the group worldwide.

The bonuses for the last financial year were more than double last year’s.