Minister for Jobs, Enterprise and Innovation today (Wednesday) welcomes the announcement by Bausch & Lomb that it is to invest in upgrading the production systems in its Waterford facility, following the recent agreement with staff on a restructuring plan to keep the plant open.

This investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

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Speaking today from Shanghai, where he is leading a 5-day trade and investment mission, Minister Bruton said:

“The process aimed at saving and then securing the long-term future of the Bausch & Lomb facility in Waterford has been going on for many months and involved a coordinated effort from a range of organisations and people, including the IDA, the LRC and my Department.

“Today’s announcement by Bausch & Lomb that it will invest in upgrading its production systems in its Waterford plant is the latest step in this process. Together with my Department and IDA Ireland, I will continue to work with Bausch & Lomb to support further investments so that we can not only secure the future of this plant but position it for expansion and growth in the future”.