Waterford Crystal set to cut hundreds of jobs

REDUNDANCIES, lay-offs and a pay freeze are feared at Waterford Crystal as part of major cost-cutting measures to be announced today.

Waterford Crystal aims to save more than €18 million through a rationalisation plan which will be presented to shop stewards at the company’s two factories in Waterford City and Dungarvan at 8am today.

Over 1,500 people are employed at the factories and the plan is likely to see up to 100 redundancies with a further 100 contract staff to be laid off. A pay freeze will also be announced.