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Bausch & Lomb cuts jobs again to boost operating profit by $90 million

This article was originally published in Clinica

Executive Summary

Ophthalmic company Bausch & Lomb is to cut 450 jobs worldwide - mainly in its contact lens and surgical products businesses - as it attempts to improve profitability. The company also released second-quarter results, showing strong growth in contact lens, lens care and pharmaceutical sales, but flat revenues in cataract products ($75m) and a 13% decline in refractive surgery product sales, to $33m.

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