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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.5 - Manufacture of medical and dental instruments and supplies
125 jobs Number of planned job creations
Announcement Date
29 April 2015
Employment effect (start)
29 April 2015
Foreseen end date
31 December 2015
Description
Bausch & Lomb is creating 125 new jobs at its plant in Waterford as part of a €75 million investment. The company, which makes contact lenses, was taken over by Valeant in 2013. The following year the company sought redundancies as well as pay cuts. This was agreed after the owners agreed to increase investment in the plant. In November 2014, a €41 million investment and 50 jobs were announced. The new announcement of 125 jobs is a further measure, and these new jobs are expected to be filled by the end of 2015. Bausch & Lomb currently employ 1000 people in Waterford.
Sources
29 April 2015: RTE
Citation
Eurofound (2015), Bausch & Lomb, Business expansion in Ireland, factsheet number 79398, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79398.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
