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17/06/2014
Union Members Accept Bausch And Lomb Proposals
SIPTU members in Bausch and Lomb in Waterford have voted by 563 in favour to 157 against to accept cost saving proposals which management has stated will secure the long-term future of the plant.
The agreement includes a wage reduction of 7.5% in basic pay; elimination of some bonuses; one hour added work per week; a reduction in in the Sick Pay scheme and an improved redundancy package for the 200 workers who will lose their jobs.
SIPTU Sector Organiser, Alan O'Leary, said: "These proposals were very difficult for our members to accept. However, enhanced compensation means that these cuts won't be felt for some time. Also, a new gain sharing commitment from the company equivalent to 10% of savings on unit labour costs shared equally among workers provides an opportunity to mitigate the losses.
"Since an announcement on Thursday, 29th May, that the future of the plant was in jeopardy unless there was major cost savings, SIPTU has been in intensive talks with the senior management from Valeant, the Bausch and Lomb parent company.
"The talks moved to Dublin to facilitate discussions under the Labour Relations Commission (LRC) co-chairs Kevin Foley and Anna Perry. SIPTU Vice President, Patricia King, also joined the negotiations. However, it was not possible to reach an agreement. The company's final position was outlined in a proposal by the LRC recommending that both sides give it serious consideration."
(CD/IT)
The agreement includes a wage reduction of 7.5% in basic pay; elimination of some bonuses; one hour added work per week; a reduction in in the Sick Pay scheme and an improved redundancy package for the 200 workers who will lose their jobs.
SIPTU Sector Organiser, Alan O'Leary, said: "These proposals were very difficult for our members to accept. However, enhanced compensation means that these cuts won't be felt for some time. Also, a new gain sharing commitment from the company equivalent to 10% of savings on unit labour costs shared equally among workers provides an opportunity to mitigate the losses.
"Since an announcement on Thursday, 29th May, that the future of the plant was in jeopardy unless there was major cost savings, SIPTU has been in intensive talks with the senior management from Valeant, the Bausch and Lomb parent company.
"The talks moved to Dublin to facilitate discussions under the Labour Relations Commission (LRC) co-chairs Kevin Foley and Anna Perry. SIPTU Vice President, Patricia King, also joined the negotiations. However, it was not possible to reach an agreement. The company's final position was outlined in a proposal by the LRC recommending that both sides give it serious consideration."
(CD/IT)
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