Govt turns down Waterford Wedgewood’s request for loan

A request for the state to underwrite a bank loan for Waterford Wedgewood, to help the company stay in business, has been turned down.

Tue, 20 May, 2008 - 20:57

A request for the state to underwrite a bank loan for Waterford Wedgewood, to help the company stay in business, has been turned down.

The firm had appealed to government to guarantee a €39m bank loan in order to secure the future of 550 jobs at the plant.

490 job cuts were announced by the firm as part of its restructuring plan last year.

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