We're in occupation to stop our factory from being shut down. The glass industry in Waterford is making a profit but not enough to satisfy corporate greed.
Waterford Crystal management had ambitions to expand and borrowed money to buy companies, using Waterford and Wedgwood to fund their debts. As the debts got larger they were harder to repay. When the Bank of America called in their loans we went into the receiver's hands and became victims of venture capitalists, KPS Capital Partners.