ROCHESTER, N.Y., Jan. 7 -- Bausch & Lomb is cutting at least 700 jobs on a global basis, part of a restructuring program it said will cost a total of $28 million. In the fourth quarter of 2001, the company closed contact lens manufacturing plants in Sarasota, Fla., and Madrid, Spain, resulting in the elimination of about 250 jobs. The recent restructuring activities will eliminate an additional 450 positions worldwide in the first quarter of this year. The expected cuts will be broad-based and will impact all regions and functional units. Bausch & Lomb chairman and CEO Ronald L. Zarrella said...Read full articleRelated content from Photonics MediaArticlesFemtosecond Laser Integrates Optics in Single Glass Substrate for Easy ManufactureThe short, regular pulses of femtosecond lasers are put to effective use in numerous applications, including laser surgery, micromachining, microscopy, and spectroscopy. 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