Valeant Acquisition of Bausch & Lomb Will Cost Jobs in Rochester

While members of the Rochester Regional Photonics Cluster have known for weeks about anticipated layoffs resulting from Valeant’s acquisition of Bausch and Lomb, apparently the governor’s office and the strategic business division of Empire State development were unaware.

The Rochester Democrat & Chronicle reports this morning that former Rochester Mayor and current New York State Lieutenant Governor Bob Duffy was caught off guard.  “All this came as a major surprise,” Duffy said. “I didn’t know about the cuts until I read about them in the paper. I don’t believe the governor knew about them in advance, either.”

Democrat & Chronicle Story Here.

Management and research and development staff from the company have been seeking alternate employment since June, when it became clear that the acquisition was moving forward.

Governor Andrew Cuomo’s economic development advisor, Leecia Eve told our RRPC representatives as recently has 18 months ago, “We see Optics and Photonics as passé industries.”

Political and economic development officials have been infatuated with nanotechnology at the expense of other industries where New York holds a strategic advantage.  Had they been paying attention they may have been able to avert these layoffs.  Ironically, Optics, Photonics and Imaging play huge roles in nanotechnology.  Who is on staff to connect the dots?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Event Calendar

Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
28
29
30
Frontier in Optics
09/16/2018 - 09/20/2018    
All Day
Attend Your Annual Meeting: OSA Frontiers in Optics + Laser Science APS/DLS Venue and Registration Hours Registration is located on the Terrace Level, Washington Hilton, 1919 Connecticut [...]
AmeriCOM Symposium
09/27/2018    
7:30 am - 1:30 pm
On July 21, 2017, President Trump issued an executive order on assessing and strengthening the manufacturing and defense industrial base and supply chain resiliency of the [...]
New York Photonics Annual Golf Tournament
09/27/2018    
12:30 pm - 4:30 pm
Register & Event Details 
AmeriCOM Networking Reception & Rochester's Photonics Clambake
09/27/2018    
4:30 pm - 9:00 pm
After three days of technical SBIR reviews, the roll-out of AmeriCOM and nine holes of golf, people are going to be thirsty and hungry.  We’ve got [...]
Events on 09/16/2018
Frontier in Optics
16 Sep 18
WASHINGTON DC
Events on 09/27/2018

Event Details & Registration

View Events

About Us

New York Photonics is a not-for-profit organization founded to promote and enhance the New York State optics, photonics and imaging industry by fostering the cooperation of business, academia and government.

Archives

Past Newsletters