Trade union representatives at Bausch & Lomb (photo) in Waterford have been told that the company seeks 195 redundancies, if possible on a voluntary basis. Negotiations over severance packages will take place in the coming weeks.
The US-owned multinational company, which makes eye care products, employs currently 1400 people at its Waterford factory and is one of the main employers in Ireland's oldest city.
Despite the redundancies, the company has said it is "committed to continuing manufacturing in Waterford".
Most of the staff are currently working three weeks out of every four as part of short-time working arrangements.
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