Wedgwood to seek administration
A Royal Doulton figurine produced for the Waterford Wedgwood group
Waterford Wedgwood is confident a buyer can be found for the firm
China and ceramics firm Waterford Wedgwood has said it expects to call in administrators to its UK arm on Monday.
It has also requested that its shares be suspended from trading on the Irish Stock Exchange with immediate effect.
A receiver from Deloitte has been appointed to its Irish arm and some Irish subsidiaries, still to be named.
Chief executive David Sculley said he was "disappointed" some of the group's UK and Irish subsidiaries had had to go into administration or receivership.
But he was optimistic that a buyer could be found for the business, known for its Wedgwood pottery, Royal Doulton and Waterford crystal.
The company, which is based in Waterford in the Irish Republic, has a factory in Barlaston, Stoke-on-Trent, which employs 1,100 people.