Waterford Crystal Seeks to Cut 525 jobs, Slice Pay
- Share via
Reuters
Waterford, Ireland — Waterford Crystal wants to cut 525 jobs and slice pay by up to 25% in a bid to return the famous glassmaking company to profit.
Chief Executive Paddy Galvin told the unions of the company’s plans. They promptly called for a meeting with Labor Minister Brian Cowen and urged the government to nationalize Waterford.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
