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Bausch & Lomb's three-year strategic plan targets $50 mil. in expense reductions.

This article was originally published in The Tan Sheet

Executive Summary

BAUSCH & LOMB AIMING FOR $50 MIL. REDUCTION IN EXPENSES under a three-year strategic plan presented by company execs in a Dec. 6 meeting with institutional investors in New York. The cost-cutting plan consists of reductions in "back-office and non-commercial costs," the company said, including a freeze on salary increases for senior executives of the company. The plan will not lead to any change in advertising, marketing, R&D, or current investment programs.

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