Josef Riedel's funeral took place three days after his death. Glassmakers carried the cask from his villa on their shoulders and company clerks lay him in his tomb. Josef's contemporaries remembered him for his efficiency, piety and benevolence. He valued his employees, and was also compassionate towards the poor and the sick. Furthermore, based on his wishes, a pension fund was set up for the company's staff and glassmakers on the day he died. His sons also decided – for the first time in the company's history – to grant power of attorney to three accountants. This was entered into the Commercial Register on 8 May. After his death, Josef's widow Johanna moved to Reichenberg, where she lived up until her own death in 1920 at the age of 84.