Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Ailing crystal maker to cut jobs
Source: Agencies |
January 13, 2009, Tuesday
|
Print Edition
Print Edition
ADMINISTRATORS for Waterford Wedgwood, the collapsed maker of classic china and crystal, said yesterday they would cut 367 jobs from a plant in Britain.
The administrators from accountancy firm Deloitte, who were appointed to run the company under bankruptcy protection last week, added that discussions with potential buyers of Waterford Wedgwood's assets continued.
Administrators said last week that they have reached a tentative agreement with United States private equity firm KPS Capital Partners over the sale of many of the company's assets, but they provided no specific update on that prospective deal yesterday.
"The business will be continuing to trade as normal, and the administrators are continuing discussions with parties who have expressed an interest in purchasing the business," said joint administrator Angus Martin. "Every effort is being made to avoid further redundancies across the business."
The majority of the redundancies announced yesterday will come from the company's manufacturing site in Barlaston, central England. The company, which has its roots in a pottery factory in central England and a crystal factory in southeast Ireland, employs just under 2,000 people across Britain and some 7,700 worldwide.
The administrators from accountancy firm Deloitte, who were appointed to run the company under bankruptcy protection last week, added that discussions with potential buyers of Waterford Wedgwood's assets continued.
Administrators said last week that they have reached a tentative agreement with United States private equity firm KPS Capital Partners over the sale of many of the company's assets, but they provided no specific update on that prospective deal yesterday.
"The business will be continuing to trade as normal, and the administrators are continuing discussions with parties who have expressed an interest in purchasing the business," said joint administrator Angus Martin. "Every effort is being made to avoid further redundancies across the business."
The majority of the redundancies announced yesterday will come from the company's manufacturing site in Barlaston, central England. The company, which has its roots in a pottery factory in central England and a crystal factory in southeast Ireland, employs just under 2,000 people across Britain and some 7,700 worldwide.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
