Saturday September 19, 2020

Ex Post Facto: Behind the stories

Pearson sharpens blade at Bausch & Lomb

1st June, 2014

The employees at Bausch & Lomb in Waterford, facing 200 redundancies and demands for a 20 per cent pay cut, are the victims of an aggressive corporate culture at Valeant, which bought Bausch & Lomb last year and is following a formula of relentless cost-cutting.

Under chief executive Mike Pearson, who took over Valeant in 2008, the company has followed a formula of mergers and acquisitions, followed by fierce rationalisation.

Pearson, a former senior executive with McKinsey Consultants,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago