|Number of pages / Number of words:||12 / 3283|
In 1989, Paddy Hayes resigned from his position as chairman and CEO of Waterford
Paddy Hayes was succeeded by Paddy Byrne as CEO of Waterford Wedgwood. Paddy
Galvin was appointed as CEO of Waterford and Paddy Byrne continued as the CEO of
Wedgwood. In 1990, the ownership of the company began to shift from Ireland...
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This was the
result of an equity investment made by the Morgan Stanley/Fitzwilton consortium. On April 5,
1990, the workers at Waterford Wedgwood went on strike. The strike occurred when
management took steps to reduce high labor costs. The strike lasted fourteen weeks causing
significant problems for the local community...
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