Ex Post Facto: Behind the stories
Pearson sharpens blade at Bausch & Lomb
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!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
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
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
