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08/11/2007
Waterford Job Cuts Confirmed
The chief executive of Waterford Wedgwood has confirmed that there will be significant job losses at the Waterford glass plant as a result of restructuring.
There has been speculation in recent weeks that 500 workers at the plant would lose their jobs - with most of the work moving to a plant in eastern Europe instead.
Speaking at the announcement of company's interim results, Chief Executive Peter Cameron said employment levels could not be sustained at their current levels but he said the company remained committed to manufacturing in Waterford.
Earlier this morning Waterford Wedgwood reported a pre-tax loss of €57.5m for the six months to the end of September. This compares to a loss of €20.7m reported the same time last year.
The company said its sales for the six months were down 7.1% to €317.4m.
(BMcC)
There has been speculation in recent weeks that 500 workers at the plant would lose their jobs - with most of the work moving to a plant in eastern Europe instead.
Speaking at the announcement of company's interim results, Chief Executive Peter Cameron said employment levels could not be sustained at their current levels but he said the company remained committed to manufacturing in Waterford.
Earlier this morning Waterford Wedgwood reported a pre-tax loss of €57.5m for the six months to the end of September. This compares to a loss of €20.7m reported the same time last year.
The company said its sales for the six months were down 7.1% to €317.4m.
(BMcC)
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Hundreds of job losses are expected in Waterford following an announcement that a call centre will close its Irish base. It is understood the job losses will be at the Talk Talk call centre in Waterford. Management at the centre in the city have announced the closure of the facility within 30 days.
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Former staff hoping to get back to their jobs at Waterford Crystal have seen their hopes shattered as the site goes up for sale today.
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