Bausch & Lomb cuts jobs again:
This article was originally published in Clinica
Ophthalmic company Bausch & Lomb is to cut around 700 jobs as part of restructuring measures aimed to reducing operating costs. The cuts, which are the fourth set of job losses at the company since late 1999, will affect all regions and functional units, the company says. B&L has been hit by lower demand for its laser eye surgery products and has been forced to issue several profit warnings in recent years.