Staff 'should be getting pay rises'
Published 18/06/2014 | 02:30
A major union has said pay rises are the order of the day in the medical devices industry despite Bausch and Lomb's 20pc pay cut demand.
SIPTU said it is not concerned the contact lens maker's demand may have a domino effect at other companies as it has won wage hikes for most members in the sector.
It even negotiated a 6pc pay increase for members at Bausch and Lomb last year.
But the union is worried about the implications for staff if Bausch and Lomb's owner Valeant succeeds in a hostile bid for botox maker Allergan in Mayo.
SIPTU won a 9.4pc pay rise over 54 months for staff at the Allergan plant in Westport earlier this year.
Data supplied by the union's Manufacturing Division shows that 16 pay increase deals have been brokered at medical device firms since 2011.
Pay rises ranged from 3pc to 7pc, although the timeframe for the deals is from 17 months to 40 months.