Menu
08/11/2001
Waterford Crystal job losses confirmed as inevitable
It has emerged that it will be impossible to save any of the 1,400 jobs set to go at Waterford Crystal factories throughout Ireland and the UK.
The redundancies, set to be implemented as part of a policy of strategic restructuring, will affect around 100 staff at the company’s plants in Waterford and Dungarvin, the cut-back represents around 16 per cent of the company’s workforce in Ireland. A further 500 jobs are to go at the Stourbridge plant in mainland Britain, where nationwide operations are to be consolidated into one location.
The restructuring programme will also see the closure of 65 concessions, to be replaced by ten redesigned stand-alone stores in strategic locations, with investment into the US market to be increased.
Speaking about the news, Chief Executive of Waterford Wedgwood, Redmond O’Donaghue, said that the company had fallen victim to the global recession currently occurring after the attack on the World Trade Centre.
Mr O’Donaghue added that, in his experience, the situation was “unprecedented” and that he could also not rule out further cutbacks in either the UK or Ireland as a result of the company’s poor economic performance. (CL)
The redundancies, set to be implemented as part of a policy of strategic restructuring, will affect around 100 staff at the company’s plants in Waterford and Dungarvin, the cut-back represents around 16 per cent of the company’s workforce in Ireland. A further 500 jobs are to go at the Stourbridge plant in mainland Britain, where nationwide operations are to be consolidated into one location.
The restructuring programme will also see the closure of 65 concessions, to be replaced by ten redesigned stand-alone stores in strategic locations, with investment into the US market to be increased.
Speaking about the news, Chief Executive of Waterford Wedgwood, Redmond O’Donaghue, said that the company had fallen victim to the global recession currently occurring after the attack on the World Trade Centre.
Mr O’Donaghue added that, in his experience, the situation was “unprecedented” and that he could also not rule out further cutbacks in either the UK or Ireland as a result of the company’s poor economic performance. (CL)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 April 2013
NI Firms More Optimistic On Job Creation Over The Next Year
The Barclays Job Creation Survey 2013, which questioned over 700 UK businesses, has revealed that Northern Ireland business executives have a growing optimism around private sector job growth in 2013.
NI Firms More Optimistic On Job Creation Over The Next Year
The Barclays Job Creation Survey 2013, which questioned over 700 UK businesses, has revealed that Northern Ireland business executives have a growing optimism around private sector job growth in 2013.
08 March 2002
Education has crucial role in securing robust economy
Sir Reg Empey, Minister for Enterprise, Trade and Investment has said that the crucial role to be played by the education sector in securing a robust economy for Northern Ireland cannot be overemphasised.
Education has crucial role in securing robust economy
Sir Reg Empey, Minister for Enterprise, Trade and Investment has said that the crucial role to be played by the education sector in securing a robust economy for Northern Ireland cannot be overemphasised.
14 September 2012
Large Scale Job Losses Is 'Major Blow'
Enterprise Minister Arlene Foster said today that the potential large-scale job losses announced by FG Wilson is a major blow to the Northern Ireland economy. The Minister said: "This is devastating news for the hundreds of families who will be affected, particularly when so many people are already struggling in this difficult economic climate.
Large Scale Job Losses Is 'Major Blow'
Enterprise Minister Arlene Foster said today that the potential large-scale job losses announced by FG Wilson is a major blow to the Northern Ireland economy. The Minister said: "This is devastating news for the hundreds of families who will be affected, particularly when so many people are already struggling in this difficult economic climate.
25 January 2013
Support For Waterford Crystal Campaign
Sinn Féin Senator David Cullinane has given his backing to a European legal campaign to have the name 'Waterford Crystal' attached only to glassware made in Waterford. He commended the Unite trade union in taking a test case, which could force the current owners of Waterford Crystal to repatriate manufacturing of the brand to Waterford.
Support For Waterford Crystal Campaign
Sinn Féin Senator David Cullinane has given his backing to a European legal campaign to have the name 'Waterford Crystal' attached only to glassware made in Waterford. He commended the Unite trade union in taking a test case, which could force the current owners of Waterford Crystal to repatriate manufacturing of the brand to Waterford.
18 April 2002
Rebranding sees T-Mobile launched in the UK
A fundamental repositioning in the UK mobile industry has taken place on Wednesday April 18 in Northern Ireland and across the UK, with the launch of T-Mobile. T-Mobile is the new name for One 2 One, the UK network of T-Mobile International, and is part of an ongoing strategy to position the network as a leading global player.
Rebranding sees T-Mobile launched in the UK
A fundamental repositioning in the UK mobile industry has taken place on Wednesday April 18 in Northern Ireland and across the UK, with the launch of T-Mobile. T-Mobile is the new name for One 2 One, the UK network of T-Mobile International, and is part of an ongoing strategy to position the network as a leading global player.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
