Government may face damages over Waterford pensions

The government may face significant damages claims for its failure to protect the pension benefits of Waterford Crystal employees, in the event of insolvency of the glass plant, according to a leading EU law specialist.

31st January, 2009

The government may face significant damages claims for its failure to protect the pension benefits of Waterford Crystal employees, in the event of insolvency of the glass plant, according to a leading EU law specialist.

Last Friday, the receiver appointed by its banks to the Waterford Wedgwood group, told workers that manufacturing would stop at the plant with loss of 480 jobs in the 700-strong workforce.

Deloitte’s David Carson said he was ‘‘continuing negotiations with interested...

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