Receiver: No money left at Waterford Crystal
The receiver at Waterford Crystal has told union representatives that he had no option but to cease manufacturing because the money he borrowed to continue operations has been spent.
David Carson has released a statement following his meeting with union officials, the President of ICTU, David Begg and the Secretary General of the Department of An Taoiseach, Dermot McCarthy in Dublin today.
In it he said he recognises that the situation is difficult for the 480 employees who have lost their jobs, but he said he has to deal with matters in the context of his legal role and responsibilities.
David Carson said he anticipates an early conclusion to negotiations with those parties who are interested in acquiring the company's assets.
