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13/06/2014
Final Position Paper Presented To Bausch + Lomb Workers
A final position paper has been presented to workers at Waterford's Bausch + Lomb plant.
The paper follows talks on cost reduction measures the owners of the firm wanted to introduce.
The company had been seeking savings of €20m, pay cuts of 20% and 200 redundancies.
The final position paper now shows that firm are asking for core salary cuts of 7.5%. However, when cuts to bonuses and shift allowances are added, the cuts increase to 14/15%. They are still seeking 200 redundancies.
This would see the company saving €18.5m.
A deadline for a decision on the proposal, put to staff by SIPTU at a mass meeting on Thursday night, has been set for 17 June.
(MH/CD)
The paper follows talks on cost reduction measures the owners of the firm wanted to introduce.
The company had been seeking savings of €20m, pay cuts of 20% and 200 redundancies.
The final position paper now shows that firm are asking for core salary cuts of 7.5%. However, when cuts to bonuses and shift allowances are added, the cuts increase to 14/15%. They are still seeking 200 redundancies.
This would see the company saving €18.5m.
A deadline for a decision on the proposal, put to staff by SIPTU at a mass meeting on Thursday night, has been set for 17 June.
(MH/CD)
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