The result of the transfer was that the charitable company became a participating employer in the
Wedgwood group pension plan.
As a result, the Wedgwood Museum Trust was placed into administration to enable the
Wedgwood Group Pension Plan to seek the support of the Pension Protection Fund, the body established to provide a guaranteed minimum level of payments to members of pension funds of insolvent companies.
Wedgwood USA sales are 20 percent to 25 percent of the company's
Wedgwood Group sales, according to Christopher McGillivary, chief executive officer of Waterford Wedgwood USA, in an interview with HFN.
THE latest effects of the foot-and-mouth crisis on Irish industry emerged yesterday from the Waterford
Wedgwood group.
That consumer demand has led All-Clad's parent firm, the Waterford
Wedgwood Group, to make a significant investment in gearing up manufacturing to boost supply, said Cameron.
Because the museum was still trading and had five staff in the
Wedgwood Group Pension Plan's 7,000-member scheme, it was held liable for the short-t fall - a burden which was impossible to bear for the tiny charitable trust which turns over only a fraction of the pounds 134 million deficit.
THE Waterford
Wedgwood group sparkled its way to yet another set of record profits last year.
In a press release, it cited All-Clad's new product development, increased control of distribution and ongoing integration of manufacturing facilities as contributions to the Waterford
Wedgwood group's success last year.
Johnson Brothers became part of the
Wedgwood group in 1968.
A POST-Millennium demand for glass crystal and a Far Eastern yen for luxury fine china have sent profits soaring at the Irish-based Waterford
Wedgwood group.
Rosenthal joined the Waterford
Wedgwood group last year.
'Had we not taken this action now, the Johnson brand wouldhave disappeared and might even have put at risk the remainder of the
Wedgwood group,' said finance director Richard Barnes.
