Statement from Waterford Wedgwood's receiver

Statement from David Carson, Waterford Wedgwood receiver:  "The Receiver of Waterford Wedgwood plc, Mr

Statement from David Carson, Waterford Wedgwood receiver: "The Receiver of Waterford Wedgwood plc, Mr. David Carson of Deloitte, wrote today to staff at Waterford Crystal and Cash's Mail Order, informing them that manufacturing will cease with immediate effect at Kilbarry, Co. Waterford.

As a consequence, approximately 480 employees have been made redundant. The Visitors' Centre in Waterford will also close.

The decision to cease manufacturing does not necessarily preclude a resumption of operations in Waterford in the future.

The Receiver is continuing negotiations with interested parties with a view to a sale of the company's assets and those discussions are focused on agreeing the terms upon which a transaction could be completed."

READ MORE

30/01/2009