Former Waterford Crystal workers accept deal

//Former Waterford Crystal workers accept deal

Former Waterford Crystal workers accept deal

Several hundred former employees of Waterford Crystal are to meet in the city this morning to discuss proposals Several hundred former employees of Waterford Crystal are to meet in the city this morning to discuss proposals

Several hundred former employees of Waterford Crystal are to meet in the city this morning to discuss proposals put forward by the Government to resolve their pension difficulties.

Earlier this month the Cabinet signed-off on a deal that will be voted on today by some of the former workers.

The cost of the €178m scheme will be borne by central funds after an amendment to social protection legislation currently going through the Oireachtas.

The multi-million euro payout is expected to work out at an average of around €40,000 per former employee.

Around 1,700 former employees will benefit to varying degrees.


RTÉ News – News Headlines

By | 2014-12-13T16:07:42+00:00 December 13th, 2014|Headlines|0 Comments