EMCC European Monitoring Centre on Change

Bausch & Lomb

Company/Organisation:
Bausch & Lomb

Geographic Location

Country: Ireland
Region: South-East (IRL); Southern and Eastern
Location of affected unit(s): Waterford

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
32.5 - Manufacture of medical and dental instruments and supplies
Number Employed: 1000
Group: Valiant

Employment Effects

Announcement Date: 29-04-2015
Type of Restructuring: Business expansion
Employment Effect Start: 29-04-2015
Foreseen End Date: 31-12-2015
Planned Job Creation: 125

Additional Information

Bausch & Lomb is creating 125 new jobs at its plant in Waterford as part of a €75 million investment. The company, which makes contact lenses, was taken over by Valeant in 2013. The following year the company sought redundancies as well as pay cuts. This was agreed after the owners agreed to increase investment in the plant. In November 2014, a €41 million investment and 50 jobs were announced. The new announcement of 125 jobs is a further measure, and these new jobs are expected to be filled by the end of 2015. Bausch & Lomb currently employ 1000 people in Waterford.