Thursday, May 29 11:04:34
Bausch and Lomb, the global eye-care products maker, today told its staff in Waterford that it is seeking 200 redundancies.
It employs 1,200 people at its facility in Waterford, where it is the county's biggest private employer and has been an important asset to the local economy for over 30 years.
Its Waterford site is one of only two contact lens manufacturing plants operated by the company.
Senior managers were called to a meeting this morning, while trade union and staff representatives have been summoned to a meeting at lunchtime.
It is understood the company is proposing 200 redundancies, voluntary at first, and a range of other cutbacks, including salary cuts of up to 20pc.