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Wedgwood confirms 367 job losses Wedgwood confirms 367 job losses
(about 1 hour later)
Administrators for iconic china brand Waterford Wedgwood have confirmed that 367 workers have lost their jobs.Administrators for iconic china brand Waterford Wedgwood have confirmed that 367 workers have lost their jobs.
The is above an earlier figure which put job losses at 350, before the firm went into administration last week. This is above an earlier figure which put job losses at 350, before the firm went into administration last week.
Of the losses, 245 posts are in manufacturing, 106 are office-based, 8 are in the visitor centre, while 8 are in shops in Southport and Worthing.Of the losses, 245 posts are in manufacturing, 106 are office-based, 8 are in the visitor centre, while 8 are in shops in Southport and Worthing.
Administrators are in advanced talks with US private equity firm KPS Capital Partners to buy most of the firm.Administrators are in advanced talks with US private equity firm KPS Capital Partners to buy most of the firm.
The firm employs 1,900 people in the UK, with about 600 working in manufacturing at Barlaston, Stoke-on-Trent.The firm employs 1,900 people in the UK, with about 600 working in manufacturing at Barlaston, Stoke-on-Trent.
Angus Martin, joint administrator and reorganisation services partner at Deloitte, said: "Unfortunately it has been necessary to make 367 employees redundant."Angus Martin, joint administrator and reorganisation services partner at Deloitte, said: "Unfortunately it has been necessary to make 367 employees redundant."
He added: "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. Every effort is being made to avoid further redundancies across the business."He added: "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. Every effort is being made to avoid further redundancies across the business."
The Irish-based business is known for its Wedgwood pottery, Royal Doulton and Waterford crystal and has been known as an leading name in British pottery for more than 200 years.The Irish-based business is known for its Wedgwood pottery, Royal Doulton and Waterford crystal and has been known as an leading name in British pottery for more than 200 years.