Waterford jobs safe after losses

THERE are no immediate plans for jobs cuts at Waterford Wedgwood in the wake of yesterday’s profit warning, which brought losses in the company’s market value to €37.2 million in less than a week, said group chief executive Redmond O’Donoghue.

And Mr O'Donoghue said there are no proposals to take the company private, despite the massive fall in the value of the company on the stock exchange.

"One can never say about the future funding of the company and you can't rule anything in or out but there's nothing on my desk," he said.