Waterford Wedgwood, the 250-year-old maker of luxury glassware and china, fell in administration today, putting 2,700 jobs in the UK and Ireland at risk.
The loss-making company, whose brands include Waterford crystal, Wedgwood and Royal Doulton fine bone china, Rosenthal porcelain and Spring premium cookware, ran out of time in its attempt to raise fresh capital.
Politicians on both sides of the Irish Sea warned that the collapse of the company had severe implications for communities where china and glass have been manufactured for generations. The mayor of Waterford said it would be a "national disaster" for Ireland if production at the crystal factory ceased.
With the prices they charge for their stuff I'm surprised they couldn't survive financially.
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