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Bausch and Lomb James Horan/Photocall Ireland.

Bausch & Lomb express 'gratitude' to workers for voting in favour of cost cutting measures

The company said it was always their preference to keep the plant open and promised to invest in the plant.

BAUSCH & LOMB ISSUED a statement tonight welcoming the approval by its employees of the cost reduction proposals.

Workers at the Waterford plant yesterday voted in favour of the cost cutting measures that will see 200 staff being let go.

However, a smaller pay cut than initially proposed will be introduced to those that remain on staff.

In a statement tonight, the company said that the cost saving measures were required to secure the future of the Waterford facility.

Following the separate votes by SIPTU and the TEEU in favour of the proposals, the CEO and Chairman of Valeant Pharmaceuticals Michael Pearson said:

I would like to express our gratitude to all employees for their support, and to their union representatives for the robust and constructive way in which they negotiated with us.

He said the savings were needed “in order to make the Waterford plant competitive and to position it for future growth. We will invest further in this facility. Our preference was always to keep the plant open, and this vote allows us to do that”.

The company added that they were grateful to the government and the IDA for their engagement and their agreement to offer grants and incentives to them in support of their “ambition to invest in the Waterford plant”.

They thanked the “constructive approach” taken by elected representatives in Waterford and also the Labour Relations Commission for their support in chairing their talks.

Read: Bausch & Lomb staff vote in favour of cost cutting measures>

Read: Bausch and Lomb workers to vote on plan to cut jobs and wages>

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22 Comments
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    Mute Stephen Doyle
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    Mar 28th 2015, 6:02 PM

    Another tool for the narcissist generation

    171
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    Mute Aidan Kelly
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    Mar 28th 2015, 6:08 PM

    Just because you can’t afford one?

    17
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    Mute L-Plate
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    Mar 28th 2015, 6:10 PM

    I’d say you’re they type to wear sunglasses inside Aidan

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    Mute Aidan Kelly
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    Mar 28th 2015, 6:15 PM

    Sunglasses indoors, par for the course.

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    Mute Celticspirit321
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    Mar 28th 2015, 6:18 PM

    Aidan = D4 Muppet

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    Mute Love Guinness
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    Mar 28th 2015, 6:31 PM

    The app is free, I reckon Stephen could splash out on a free app and as he just posted comments to another smart phone app I am also thinking there is a chance he owns a smart phone.

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    Mute Al Ca
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    Mar 28th 2015, 6:52 PM

    Indeed Love Guinness……but then, Stephens smart phone is most likely smarter than Stephen.

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    Mute Stephen Doyle
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    Mar 28th 2015, 6:59 PM

    Cost more Al Cal

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    Mute Genius
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    Mar 28th 2015, 8:00 PM

    scope me later ya.

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    Mute adrian quinn
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    Mar 29th 2015, 8:17 AM

    You loo like a desperate tool Kelly

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    Mute emperor_vid
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    Mar 28th 2015, 6:08 PM

    Apple are to release there version soon called endoscope…. Although it will likely be a pain in the ads to use

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    Mute Aidan Kelly
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    Mar 28th 2015, 6:16 PM

    They should release endascope too so everyone can see through the eyes of a winner!

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    Mute Liam Long
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    Mar 28th 2015, 6:33 PM

    Eyes of a donkey :-D

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    Mute Al Ca
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    Mar 28th 2015, 6:55 PM

    “They should release endascope too so everyone can see through the eyes of a winner!”

    So…..that’s not a tan you’re sporting.

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    Mute Tordelback
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    Mar 28th 2015, 8:20 PM

    You are by far the most irritating shinnerbot on TheJournal Aidan, congrats.

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    Mute Well Oil beef hooked
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    Mar 28th 2015, 8:32 PM

    They do have one its call an Endoscopy, that when they’ll look in your ass Aidan and to see where your intellect has gone

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    Mute Bigus Diccus
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    Mar 28th 2015, 6:05 PM

    You can see the difference at contrastthemeerkat.com

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    Mute L-Plate
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    Mar 28th 2015, 6:03 PM

    Skype?

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    Mute emeraldninja
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    Mar 28th 2015, 6:08 PM

    Tell them to watch The Hunt for Red October.. that should give ‘em a good intro for periscope.

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    Mute Mark Waldron
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    Mar 28th 2015, 7:25 PM

    Crazy Ivan? Or maybe that’s Crimson Tide.

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    Mute Roomba Roomba
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    Mar 28th 2015, 6:48 PM

    Source: David Guetta

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    Mute Oliver McLoughlin
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    Mar 28th 2015, 8:10 PM

    Ah it’s just the obvious progression for the huge proportion of the online populace that think because they can, they should.
    Most have nothing interesting to say anyway, this is like porn for them.

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    Mute Elias Khoury
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    Mar 29th 2015, 12:05 AM

    Funny enough, I didn’t hear anybody talking about it.

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    Mute John Fairclough
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    Mar 29th 2015, 12:39 AM

    Up Periscope !

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    Mute MATHS ACADEMY
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    Mar 28th 2015, 9:17 PM

    It’s a perfectly designed instantly accessible broadcasting device with massive potential. We’ll be using it with our students. If you’re already with twitter it’s seamless. Is miles ahead if competitors like meerkat etc. Try it! http://www.connemaramathsacademy.com

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    Mute MATHS ACADEMY
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    Mar 28th 2015, 9:18 PM

    Should have said ‘app’ instead of device.

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    Mute Oliver McLoughlin
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    Mar 28th 2015, 9:30 PM

    To what end will this prove useful though?

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    Mute Chief
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    Mar 28th 2015, 10:06 PM

    Have a read of this article, will answer that question http://www.theverge.com/2015/3/26/8296537/explosion-east-village-periscope-live

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