Eye-care product maker to cut jobs
From Times Wire Services
Advanced Medical Optics Inc. said it was cutting about 150 jobs, or 4% of its global workforce, to reduce costs.
The job cuts and other restructuring activities will result in pretax charges of about $25 million to $30 million this year, the Santa Ana-based maker of eye-care products said in a regulatory filing.
Advanced Medical Optics last year mounted, and later abandoned, a takeover bid for rival Bausch & Lomb.
The view from Sacramento
Sign up for the California Politics newsletter to get exclusive analysis from our reporters.
You may occasionally receive promotional content from the Los Angeles Times.