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October 04, 2006

Bausch & Lomb Cuts 400 Jobs

Bausch & Lomb (BOL) had hired temporary workers to ramp up production of its PureVision contact lens. The company said changing business conditions account for these latest adjustments. Plants affected by the cuts are in Waterford, Ireland; Livingston, Scotland; and Rochester, N.Y. The company did not say whether the reductions would affect results.

ReNu has slowed Bausch & Lombs growth

Bausch & Lomb Inc. is in for slower growth from new competition, a weak pipeline, financial troubles, and a recent product withdrawal, ReNu with MoistureLoc contact lens solution. ReNu Lawsuits are just the start of their problems.