Crystal, china maker Waterford Wedgwood collapses
Much of the business was offshore, where it employs 5,800 people, including 1,500 people at a plant in Jakarta, Indonesia, which produces most of the company's ceramics. The majority of its crystal production has been handed to Eastern European subcontractors.
The company employs a work force of 1,900 in Britain,
The company employs a work force of 1,900 in Britain,
clipped from news.yahoo.com Waterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection languished at just one-tenth of a euro cent
employs around 7,700 worldwide, is the latest in a burgeoning list of iconic British companies to succumb to the global economic slowdown
Waterford acquired Wedgwood in 1986 buying fellow Stoke-on-Trent ceramics maker Royal Doulton in 2005. |
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