The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
130 jobs Number of planned job creations
Announcement Date
21 July 2021
Employment effect (start)
1 January 2022
Foreseen end date
31 December 2023
Description
Healthcare manufacturing company Bausch & Lomb is to create 130 new jobs at its plant in Waterford. Recruitment for the new jobs will begin in 2022 and the new production lines are expected to come on stream in 2023 when the 130 additional jobs will come on stream. During the construction phase of the expansion, about 150 workers are expected to be hired.
This is the third major expansion of the Waterford plant in recent years. The new investment will increase capacity for the manufacture of the company's range of contact lenses. Currently, 1,500 people are employed at the Waterford plant.
Previous restructurings took place in 2018 (100 jobs created), 2015 (125 jobs created) and 2014 (200 jobs lost).
Eurofound (2021), Bausch & Lomb, Business expansion in Ireland, factsheet number 105113, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105113.
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