Waterford Wields Axe

Daily MailMay 05, 2005

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Summary


BESET by debts and losses, crystal and china group Waterford Wedgwood is axing 1,800 jobs and raising Pounds 70m in a rights issue.

Some 600 UK jobs are going at Wedgwood and Royal Doulton, which it recently acquired. Other cuts are in Ireland, where the Dungarvan factory will be closed, and Germany.

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Waterford Wields Axe

The group's biggest inves...

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