Bausch + Lomb Bankruptcy?

Quote
It is not to late to turn this thing around. It would take bold leadership and the guts to hire top quality leadership in this organization. This turn around can not happen with the Bozos currently in the leadership positions that got us into this mess in the first place.

Time for a new direction. Time for new leadership. Time for B&L to turn around.
 






Anonymous said:
It is not to late to turn this thing around. It would take bold leadership and the guts to hire top quality leadership in this organization. This turn around can not happen with the Bozos currently in the leadership positions that got us into this mess in the first place.

Time for a new direction. Time for new leadership. Time for B&L to turn around.
Click to expand...

Go raise the Titanic!
 






It could not be that bad at this organization. If it was you would hear about layoffs and facility closings. They are probably paying the bills and just hoping that either the economy turns around or that the markets grow substantially in latin America and Asia.

If B+L could get their products approved in all of the Asian countries for sale it would be a big boost to the organization.
 






Anonymous said:
It could not be that bad at this organization. If it was you would hear about layoffs and facility closings. They are probably paying the bills and just hoping that either the economy turns around or that the markets grow substantially in latin America and Asia.

If B+L could get their products approved in all of the Asian countries for sale it would be a big boost to the organization.
Click to expand...

Must be nice to be high on crack.
 






Anonymous said:
It could not be that bad at this organization. If it was you would hear about layoffs and facility closings. They are probably paying the bills and just hoping that either the economy turns around or that the markets grow substantially in latin America and Asia.

If B+L could get their products approved in all of the Asian countries for sale it would be a big boost to the organization.
Click to expand...

you're an idiot.

It's a private company. The street and the news don't give a dick about a private company, until the whole thing shuts down. The main building in rochester is for sale. The flag ship building, The monster building sitting on 1 Bausch Place, is for sale.

What else do you need to know. Whole departments laid off. People who quit not replaced. It is all being done very quietly.

This company is in serious trouble. It will not last.
 












Anonymous said:
What departments were laid off???? How come it does not show up in the news???
Click to expand...

Do you think WP wants any notoriety as they shut this thing down? This is going to be a huge blemish on their record and will probably affect their ability to pull the same stuff on other companies they eventually take over with the same intent but ultimately will have to throw over the side. Nothing even Fred will want to brag about but you can be sure he will be taken care of regardless. The rest of us will just float off with all those that have already departed.
 






How are they getting rid of people without it showing up in the press?????

Are they small layoffs of 10 or fewer people every month???? do they walk a few people out the door every week???? Do they harass people with army psychological warfare tactics so they get a few people to quit each week???

It would be interesting to find out the B+L tactics of head count reduction without bad press of layoffs in the local paper.
 






all of the above.

small reductions here and there. Not filling vacancies when people leave or are fired.

Gestapo based micromanagement to get rid of people. You name it and it has been done since they have taken over. The place is a total disaster.
 






For all of you religious people out there: "The greatest trick the devil ever played was convincing the world that he doesn't exist."

The greatest trick B+L ever played was convincing you they are expanding and doing well when really they are imploding and trying to sell the company as fast as they can.
 






Everyone at B+L is hoping for a change in management. However, WP and the new upper management keep on their leadership team people that are not liked by employees and use devious tactics against employees with the help of B+L human resources.

So everyone hopes for a change in management when the company is sold in a year or two. However, since the company is not worth what WP paid for it they can not sell it or issue an IPO. So the employees are stuck with the current management which they hate.

This is not a good place to work. It a mainly an exercise in mid-management trying to scapegoat everyone but themselves for why the company is not doing well. Poor management, no substantial changes in management to fix company problems or morale, constant harassment of employees and no understanding of what the future of the company will look like in two years or whether there is any hope for long term employment.

In short, a complete disaster. Run from this company. Life will be better working for someone else.
 






Anonymous said:
Everyone at B+L is hoping for a change in management. However, WP and the new upper management keep on their leadership team people that are not liked by employees and use devious tactics against employees with the help of B+L human resources.

So everyone hopes for a change in management when the company is sold in a year or two. However, since the company is not worth what WP paid for it they can not sell it or issue an IPO. So the employees are stuck with the current management which they hate.

This is not a good place to work. It a mainly an exercise in mid-management trying to scapegoat everyone but themselves for why the company is not doing well. Poor management, no substantial changes in management to fix company problems or morale, constant harassment of employees and no understanding of what the future of the company will look like in two years or whether there is any hope for long term employment.

In short, a complete disaster. Run from this company. Life will be better working for someone else.
Click to expand...


Good thing you got out in time! LOL
 






Anonymous said:
Good thing you got out in time! LOL
Click to expand...

Consolidation is the next thing on the agenda. If consolidation does not work then bankruptcy. So much money borrowed and so little being made.


Buying ISTA is a nice cover. Merging the books of the two companies can hide the fundamental shortcomings of the company when it is being showcased for sale.

The smart thing to do would be to split the company into two. Pharma/Surgical and Vision Care. Sell the Vision Care to pay off debt and keep the company afoat.
 












Top Bottom
Back
Quote