Eye-care company Bausch & Lomb, which is struggling to regain investor confidence after issuing a profit warning and sacking its president in August, yesterday reported a slight rise in third-quarter profits and outlined further restructuring and job cuts.

The Rochester, New York-based maker of contact lenses, lens-care products and eye-surgery equipment, which employs hundreds of 1,200 people in Waterford, said it planned to cut about 450 non-manufacturing positions over several months, mainly in North America, in order to cut costs by $20 million to $30 million annually.