Jobs fear grows at Waterford Crystal

Dublin- Fears are growing for the future of 500 jobs at Waterford Crystal.

The company's operation is now in doubt, after the Government refused to guarantee a multi-million euro loan to keep it afloat. Waterford Wedgewood had appealed to the Government for financial support after it was forced to cut 490 jobs last year. The Cabinet yesterday decided not to grant the €39m loan, fearful that it could open the flood gates to other companies seeking help.

However the Government has said it was willing to provide other types of assistance, like re-training or funding for research and development. UNITE trade union, which represents the 550 workers whose jobs are now in jeopardy, has said it will issue a statement on its future intentions, after it has been fully informed of the decision.