Tuesday, June 03, 2014

DELICATE negotiations between union representatives of the 1150 workers at Bausch+Lomb and company management – including Angelo Conti, Vice President, Manufacturing remain ongoing with a view to minimising job losses and a 20% across the board pay cut in order to bring manufacturing costs at the Waterford contact lens manufacturing plant in line with its sister company in Rochester in the United States.

With talks delicately poised a senior United States Senator, Charles Ellis “Chuck” Schumer, from New York and a member of the Democratic Party is reported to be urging the parent company Valeant Pharmaceutical to move the jobs from Waterford back to the United States.

Sources in Waterford are describing the pleas by the United States senator as “unhelpful” as all options are being explored and debated about bringing costs down.

As redundancies and wage cuts were sought on Thursday last Angelo Conti said that competition in the c9ontact lens business had intensified and wages in Waterford were 30% higher than in Rochester, in New York.

A deadline of June 17 was given for cost cutting agreement to be reached.

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