socialistparty.ie
Waterford Crystal - Nationalisation was the only option
By Cillian Gillespie and Stephen Boyd AN EIGHT week long occupation of Waterford Crystal ended after the workforce reluctantly voted to accept a "deal". One worker at the end of the four hour long meeting said that he felt the deal was "like a gun to the head" of the workforce. There were 708 people working in Waterford Crystal, now there will be only 176 jobs some of them are only guaranteed for six months. The so-called redundancy fund is a miserly €10 million to be divided between more than 800 workers and ex-workers. The workers’ pensions (affecting 1,800 people) are still in a mess and the fund is €120 million short.