This Week
  • Siblings Bradley Calkins and Katherine Lindahl are co-CEOs of Rochester Midland.

  • The number of temporary help employees locally has grown since the recession.

  • Kelby Russell wants you to know: Local wines are among the world's finest.

  • Employee cross-training has become essential for organizations to run smoothly.

  • P3 Systems Inc. sells and services new and refurbished networking equipment.

  • Challenges mount for area companies that do business in Russia.

Schumer pushes for B&L jobs to remain in Rochester

Rochester Business Journal
December 20, 2012

Sen. Charles Schumer, in a letter to the owner of Bausch & Lomb Inc., has asked the private-equity firm to make sure the eye care company’s 1,700 jobs remain in Rochester.

“Regardless of the exact vision for Bausch & Lomb’s future ownership, the irreplaceable value of Rochester’s top-notch workforce in continuing the company’s success is crystal clear,” said Schumer, D-N.Y., in a statement released Thursday.

“For over 150 years, Bausch & Lomb has benefited from the dedicated Rochester workforce that has helped the company post 10 consecutive quarters of growth. I applaud the good governance exhibited by Warburg Pincus over the past five years, and I am urging them to protect Bausch & Lomb’s 1,700 jobs in Rochester ahead of a possible ownership change.”

According to reports last week, Warburg Pincus LLC has hired investment bank Goldman Sachs Group Inc. to explore opportunities to sell the eye care company.

In a letter to Warburg Pincus co-presidents Joseph Landy and Charles Kaye, Schumer asks that any exit strategy, including a sale or initial public offering, include a provision to maintain the current workforce.

“Bausch & Lomb has been in Rochester for nearly 160 years, and our commitment to the local community has not wavered,” said Adam Grossberg, vice president of global communications and investor relations for Bausch & Lomb. “We continue to invest in our state-of-the-art manufacturing facilities here in Rochester, as well as in identifying, attracting and retaining the very best local talent, which is central to Bausch & Lomb’s continued success.”

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google