No Further Layoffs Planned For Bausch & Lomb

No more layoffs at Bausch & Lomb Inc., no further cuts to research and development and manufacturing, and as many as 50 research jobs will be transferred to Rochester from California… That’s what Senator Charles Schumer said he was told during a phone conversation with Valeant Parmaceuticals CEO Michael Pearson.
Valeant consumated its $8.7 billion acquisition of Bausch & Lomb on Aug. 6th. The next day, Valeant announced 400 jobs cuts will take effect by November.