Siptu accepts B+L plan

Siptu has called on management of a major pharmaceutical plant to come good on a promise to invest in the future after union members’ voted by more than three to one to accept a cost-cutting deal.

Now the management’s proposal for the future of Bausch + Lomb in Waterford must also be backed by almost 100 TEEU members who will today vote on whether to accept or reject the cuts, which include core pay being slashed by 7.5%, as well as the elimination of bonuses.

More than 1,100 people are employed at the contact lens manufacturer and the company said almost three weeks ago it would close the plant unless its cuts were put through.