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Waterford Crystal Seeks to Cut 525 jobs, Slice Pay

September 15, 1993|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.

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