Showing posts with label waterford crystal. Show all posts
Showing posts with label waterford crystal. Show all posts

Monday, January 25, 2010

Waterford Crystal bought by US Company

A U.S. private equity group bought Waterford Crystal and will hire 80-90 employees to work at the factory and visitor center. Waterford Crystal closed after bankruptcy in 2009 and, according to Reuters, 480 workers lost their jobs.

The poignant PBS documentary "Raise the Last Glass" reports that the workers showed up for work one day and found out they had no jobs. The workers occupied the visitor center and 6,000 people marched to protest the factories closure. However in the end the union voted for a settlement in which 840 people divided 10 million euros...$16,000 per person and the worker's no longer had any say in the company.

350,000 tourists used to come to watch the famous crystal being cut and that business supported the town. Now only the highest end luxury crystal will be made in Waterford, and the other manufacturing will be sourced to other companies that partner with the US equity firm.

January 25, 2010, Reuters, Dublin:


"
A new crystal factory is to open in Waterford..."

Reuters, Dublin. "Waterford crystal gets its sparkle back." January 25, 2010. http://www.theglobeandmail.com/report-on-business/waterford-crystal-gets-its-sparkle-back/article1443257/


Watch the PBS documentary from 2009 that documents the failed sit-in at Waterford Crystal:


PBS Wide Angle. Produced by Lucy Kennedy. "Raise the Last Glass." June 11, 2009. http://www.pbs.org/wnet/wideangle/episodes/raise-the-last-glass/video/4956/

Wednesday, November 4, 2009

Waterford Glass and Tourism

On the heels of the Wanganui article posted previously today, I found this article on Waterford Crystal, which was one of Ireland's 'top-10 fee-charging destinations' until it closed. The article really addresses some of the concerns I voiced about job creation in a tourist economy. Manufacturing jobs, like glassblowing, tend to pay more than service jobs and the re-opening of Waterford Crystal would produce about 50/50 in each industry according to the City Council.

2009
Michael Parsons:

"THE AUTHORITIES IN Waterford have announced ambitious plans to preserve and revive the city’s tradition of fine glass-making.

The southeast suffered a major economic blow earlier this year with the closure of Waterford Crystal. In addition to the devastating loss of jobs in a company that once employed 3,000 people, the region also lost its leading tourism attraction. The famous factory at Kilbarry was one of Ireland’s top-10 fee-charging destinations, with more than 300,000 visitors a year.

This week, Waterford City Council announced that it is to invest €20 million and create 100 new jobs developing “a major new visitor centre, manufacturing and retail outlet for Waterford Crystal”. The site, at the old ESB offices on the historic Mall, will be renovated and ready to open in time for next summer’s tourist season. The council said that the new jobs will be split “roughly equally between manufacturing and retail/tourism”.

The council is still involved in negotiations over the operation of the planned new facility with WWRD Holdings, the company that now owns the Waterford Crystal brand.

However, a council spokesman said that, “while confident of the company’s commitment, in the event of the failure of negotiations, the council is determined to deliver the project in any case”.

Initial funding for the scheme has already been secured from the European Regional Development Fund.

The mayor of Waterford, Cllr John Halligan, recalled the “huge psychological blow earlier this year when manufacturing ceased at Waterford Crystal”, and he said it is now “vital” for the city to “salvage what it could from the “painful chapter” and to reinvigorate Waterford as a tourist spot. He added: “Waterford is not about to roll over and die in the face of the recession”, but would “emerge stronger and with a more vibrant city centre.”

Michael Walsh, the city manager, said the new facility will be “a tremendous opportunity to kick-start Waterford’s fightback” and to “copper- fasten the city centre’s primacy as an attractive location for visitors.”"

Parsons, M. "Waterford invests E20m in crystal comeback." The Irish Times. October 17, 2009. Accessed November 4, 2009. http://www.irishtimes.com/newspaper/travel/2009/1017/1224256873852.html