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Tue 01 Jan 2009Waterford pensions under threat from collapse
THE PENSIONS of Waterford Wedgwood's workers may be under threat following the collapse of the company yesterday with debts of almost €500 million.
The group's pension scheme is more than €111 million in the red and may now have to be wound up if the company cannot be sold as a going concern. The company, however, continues to trade.
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