Restructuring events
European Restructuring Monitor (ERM)
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.
Contact lenses manufacturer Bausch & Lomb is looking for 120 voluntary redundancies at its Waterford plant. Bausch wants to cut its 1,200 strong labour force by 10 per cent to enhance the plant's competitiveness. The company produces contact lenses and other eye care related pharmaceutical products. As well as voluntary redundancies, Bausch wants to secure substantial cost reductions; although it is reported in the Irish Times that the company is not proposing wage cuts or short-time working for remaining staff.
Eurofound (2009), Bausch and Lomb, Internal restructuring in Ireland, factsheet number 69188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69188.