Waterford asked to open up accounts

Union officials representing workers at Waterford Crystal are asking management to open up the company's accounts to scrutiny…

Union officials representing workers at Waterford Crystal are asking management to open up the company's accounts to scrutiny as talks continue over plans to shed 485 jobs.

Negotiations on a severance package resumed yesterday, five days after the company had announced plans to close its Dungarvan plant and scale down its operation in Kilbarry, Waterford.

The talks broke up yesterday evening and are due to resume tomorrow, when further information on the company's finances will be provided to union representatives.

ATGWU official Seán Kelly said the mood among members was very angry and growing by the day.

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Some workers have called for pickets of the company's flagship plant in Waterford. However, there are no specific plans at present for industrial action.

Workers in Dungarvan last week criticised the company's redundancy offer of six weeks' pay for each year of service, with a cap of 16 years' service.

The ATGWU, which claims to represent 1,100 of Waterford Crystal's 1,400 workers, said the deal was unacceptable given the fact that some workers have up to 40 years' service.

The union has sought a copy of the business plan that the company is using to support its proposed restructuring.

The union has also requested details of sales figures and projections to try to establish the true extent of the crisis at the company.

Following yesterday's meeiting, ATGWU official Walter Cullen said: "We have got a significant amount of information. But there is still some we require, and the company has agreed to give us that by Thursday."

A Waterford spokesman said that the company's policy was to refrain from commenting on any negotiations with staff until they were concluded.

"There is no deadline on these talks," he added.

"It is anticipated that the closure won't take place until after August."

The Irish job cuts are part of a wider rationalisation programme announced by parent company Waterford Wedgwood, which will see the company's workforce worldwide reduced by some 1,800.

Chairman of Waterford Wedgwood Sir Anthony O'Reilly said last week he regretted the job losses, but claimed they were vital to ensure the long-term prosperity of the company and its "key heritage plants" in Ireland, Britain and Germany.

Joe Humphreys

Joe Humphreys

Joe Humphreys is an Assistant News Editor at The Irish Times and writer of the Unthinkable philosophy column