Waterford Crystal to fire most of its Irish workers

Waterford Crystal http://www.waterford.com , a glittering icon of Ireland, announced Thursday that it will lay off most of its Irish work force and move production overseas after losing a six-year battle to boost sales, cut costs and control debt.

"We regret the necessity of ending large-scale manufacturing in Waterford, but we reaffirm our commitment to the city," said chief executive John Foley, referring to the company’s 61-year-old base in the southeast Irish city of the same name.

By Shawn Pogatchnik, Associated Press Writer

Full Story: http://www.usatoday.com/money/world/2008-10-16-waterford-crystal-closing_N.htm