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Irish jobs and pension scheme must be safeguarded in Waterford Wedgwood investor negotiations

6 January, 2009


Sinn Féin Waterford Councillor David Cullinane has this afternoon called on the Waterford Wedgwood Irish receiver Deloitte Ireland to ensure that Irish jobs are preserved and that the group’s pension scheme is safeguarded in any negotiations with potential investors in the company.

Cllr. Cullinane said:

“If reports of interested US investors in Waterford Wedgwood are correct that is very good news for the company and its workforce. However the receiver in his negotiations with potential investors must ensure that the maximum numbers of Irish jobs are retained and that the group’s pension scheme is safeguarded.

“With 8,000 Waterford company pensions now under threat it is imperative that any acquisition deal not be facilitated in any attempt to abandon the company pension fund.

“The relevant government departments must immediately seek a meeting with receivers Deloitte Ireland to ensure that Irish based jobs and the company’s pension scheme are part of any sale of the Irish operations.

“Irish job losses are avoidable if the government works with the receiver in rescuing the company. The governments current ‘hands off’ approach cannot continue. Waterford Wedgwood has a significant strategic importance for the South East and as an international Irish brand.

“If negotiations with potential investors are not successful I am calling on Deloitte Ireland to set up a task force comprising of union representatives, local enterprise board officials and the company’s management board to come up an action plan within three weeks with the objective of delivering an attractive alterative for potential buyers of the Irish based operations using the Waterford brand.” ENDS

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