The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
480 jobs Number of planned job losses
Announcement Date
30 January 2009
Employment effect (start)
Foreseen end date
Description
On 30 January, a receiver from Deloitte Touche sent letters to almost 500 Waterford Crystal workers to inform them that they were being made redundant due to the serious financial problems besetting the troubled glass manufacturing plant, which was once one of Ireland's flagship indigenous companies. However, as of early February 2009, there were hopes of a new buyer emerging, possibly Clarion Capital Partners (a private equity firm); which could, if it proceeds, result in 300 jobs being saved at the plant. Workers have been staging a sit-in protest at the factory.
Eurofound (2009), Waterford Crystal, Bankruptcy in Ireland, factsheet number 68111, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68111.
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