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Bausch & Lomb restructuring

This article was originally published in The Tan Sheet

Executive Summary

Approximately 700 jobs worldwide to be eliminated by end of Q1 as part of ongoing plan aimed at reducing operating costs, firm announces Jan. 4. Roughly 250 jobs were cut during Q4 when firm closed contact lens manufacturing plants in Sarasota, Fla. and Madrid, Spain. Remaining restructuring will eliminate additional 450 positions, with cuts expected to be "broad-based " and "impact all regions and functional units," lens care company says. In December, new CEO Ronald Zarrella announced plans to trim personnel (1"The Tan Sheet" Dec. 10, 2001, p. 15)...
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