D Tuesday, January 26, 2010 Business 17 By Brian Hutton Waterford buyer to reopen factory on smaller scale Business Bites ERICSSON has increased the number of job losses it announced last year from 5,000 to 6,500 worldwide, as spending cuts by telecoms operators hit quarterly sales more than expected. Last February, the mobile networks manufacturer, said it would to cut 300 jobs at its research and development section in Clonskeagh, Dublin, out of a total Irish workforce of 1,700, phased over 18 months. Fourth quarter sales were 5.7billion, 2.5 per cent below forecasts and 13 per cent down on a year earlier, while revenue at its networks unit was down 16 per cent. It is not yet known how the increase in job cuts will affect Irish workers. Ericsson to cut 1,500 more jobsFOOD DUDES: Declan Carolan, general manager of Efficient Consumer Response Ireland, James Wilson, trading director of Superquinn, and John Casey, managing director of Allied Foods, announce details of the ECR annual conference in Bewleys Hotel, Ballsbridge tomorrow. ECR focuses on improving co-operation within the food and grocery sectors Picture: Fennells THE new owners of the collapsed Waterford Crystal company are planning a new small-scale factory and visitor centre, to open later this year. The world-renowned brand is to take over former ESB offices at The Mall in Waterford city as part of a 25million redevelopment. Anthony Jones, the chief finance officer of WWRD, which bought the glassmaker after its collapse last year, said if things go as forecast the firm will be looking to expand fur- ther in the city centre. Recruitment is to start in March for 80 to 90 full-time workers, with another 30 to 40 temporary staff. The new plant, which will open in June and will include a new visitor centre, will make around 40,000 pieces every year with factories in Germany, Italy and Slovenia still making 80 per cent of the products. Production at Waterford Crystal in Kilbarry ceased last year with the loss of 480 jobs, after the firm went into receivership. The old visitor centre closed its doors on Friday two weeks early, with 15 jobs lost. New era: The iconic brand will reopen at former ESB offices in Waterford city RYANAIR has released its customer service stats for December, once again using the opportunity to take a dig at its rival Easyjet, which it notes refuses to publish theirs. But the policy of publishing the figures has backfired on the Irish-based budget airline, as it admits 72 per cent of its 32,000 flights arrived on time in December but this was down from 81 per cent for December 2008. THE public will have no confidence in the banking inquiry, which is to be held mostly behind closed doors, the president of the Law Reform Commission has claimed. Speaking on Newstalk 106- 108FM, Judge Catherine McGuinness said an inquiry could take the form of a tribunal without politicians but with spending limits, unlike the costly planning and Moriarty tribunals. IRISH-based music video website Muzu.tv has signed more syndication deals with big publishers including AOL Music, the Telegraph Media Group, Bebo and the Irish Independent. Under the agreement, the site, which serves more than 14million music- related videos in the UK every month, will make its music video library and video player available in return for a share of advertising revenue. business@metroherald.ie Business & Finance v$v$ vv DOWNDOWN ISEQISEQ by 20.91 at 3,016.03 $1.42 0.88 index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html