Press Release

SIPTU members welcome Bausch & Lomb investment

Date Released: 20 November 2014

SIPTU members in Bausch & Lomb have welcomed the announcement by its owners, Valeant, to invest €41 million in its Waterford facility over the next 18 months.

According to SIPTU Assistant Organiser, Allen Dillon, the investment will support Bausch & Lomb's efforts to increase market share in the contact lens market and therefore help secure the future of the Waterford plant.
 
He said: “The investment from Valeant in the Waterford plant follows the very difficult decision our members made last June when they voted by a huge majority to accept a significant restructuring.
 
“The investment will allow the company to increase market share and vindicates the real sacrifices made by SIPTU members to secure the long term future of the plant.”


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