Wedgwood executives pocket €10.2m

SEVEN executives in Waterford Wedgwood pocketed €10.2 million in salaries and bonuses last year while close to 2,000 staff got the axe worldwide - including 500 people in Waterford.

Their pay and bonuses for the last financial year was more than double the previous year’s €4.2m.

Outgoing chief executive Redmond O’Donoghue got a package of over €1m for his services to the group. That was slightly less than his payment in 2004, the annual report and accounts for the year to March 31, 2005, disclose.