In Brief: Bausch & Lomb
This article was originally published in The Gray Sheet
Executive Summary
Bausch & Lomb: Will lay off 400 to 500 additional employees in its contact-lens division. The latest round of cuts follows a 1,500-person, company-wide layoff announced in August that included about 1,000 contact-lens division workers ("The Gray Sheet" Aug. 8, p. 17). The cuts have become necessary, the company says, in the wake of a build-up of excess inventory in its lens and sunglass business. The reductions, which will be complete by early February, will primarily affect employees at the firm's Rochester, New York facility, but will involve workers in Sarasota, Florida as well...