Bausch & Lomb
Headquarters:
One Bausch & Lomb Place
Rochester, NY 14604
Phone: (585) 338-6000
Employees: 12,400
CEO: Ron Zarrella
Stock Symbol: BOL
Website:
http://www.bausch.com
Career Site
Bausch & Lomb is a leading maker of
contact lenses and eye care products. The company has three product
lines: Vision Care, Surgical, and Pharmaceuticals.
Vision Care
- Bausch & Lomb's Vision Care business manufactures and markets
the world's most comprehensive line of eye care products.
- Soft and GP (gas permeable) contact lenses
- Lens care products for soft and GP lenses
- Eye care products, such as eye drops and ointments
- Vision accessories, such as magnifiers and eyeglass accessories
Surgical
- Bausch & Lomb offers a comprehensive line of products for
ophthalmic surgery and is dedicated to continued innovation.
Pharmaceutical - Bausch & Lomb develops and markets prescription
and over-the-counter drugs used to treat a wide range of eye
conditions, including glaucoma, eye allergies, conjunctivitis,
and dry eye.
In May, the company recalled its lens cleaning
solution ReNu with MoistureLoc due to possible links with eye
infection.
The company has delayed reporting of its
financial results for 2005 due to investigation into improper
sales practices and accounting within subsidiaries.
History
Bausch & Lomb traces its roots to 1853,
when John Jacob Bausch, a German immigrant, set up a tiny optical
goods shop in Rochester, NY. When he needed more money to keep
the business going, Bausch borrowed $60 from his good friend,
Henry Lomb. Bausch promised that if the business grew, Lomb would
be made a full partner. The business did grow and the partnership
was formed.
In the early years, Bausch & Lomb manufactured
revolutionary rubber eyeglass frames as well as a variety of
optical products that required a high degree of manufacturing
precision. By 1903, the firm had been issued patents for microscopes,
binoculars, and even a camera shutter based on the eye's reaction
to light.
In the 1900's, Bausch & Lomb continued
to demonstrate its place at the forefront of technological innovation
for optical products. Bausch & Lomb produced the first optical
quality glass made in America, developed ground-breaking sunglasses
for the military in World War I, and created the lenses used
on the cameras that took the first satellite pictures of the
moon. In 1971, Bausch & Lomb introduced the first soft contact
lenses.
Benefits
Bausch & Lomb offers a YOUR CHOICE
benefits program. YOUR CHOICE is a flexible benefits plan that
allows eligible employees to choose among varying levels of medical
and dental coverage as well as special accounts to pay non-reimbursed
health care or dependent care expenses or to buy or sell vacation
time. All are funded through a combination of company credits
and employee pre-tax contributions.
In addition to benefits available through
the flexible pre-tax approach, Bausch & Lomb offers you the
opportunity to choose benefits designed to:
- Protect your income during sickness and disability
- Provide financial protection for your survivors
- Provide personal financial security during retirement
- Supplement savings for retirement, education and other personal
needs
Other Bausch & Lomb offerings include:
- Work/Life programs
- Domestic Partner benefits
- Education Reimbursement
Updated May 15, 2006
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