Nov 3rd, 2009 - Los Angeles Times
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Johnson & Johnson said Tuesday that it would cut up to 8,000 jobs and streamline its operations as it braces for changes in the healthcare industry.
The New Brunswick, N.J., company said the cuts will affect 6% to 7%% of its global work force of roughly 118,700.
The restructuring is one of Johnson & Johnson's biggest ever and will prompt a restructuring charge of up to $1.3 billion before taxes in the fourth quarter.
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Johnson & Johnson to cut thousands of jobs in restructuring, targets $1.7B in savings by 2011
Nov 4th, 2009 - baltimoresun
NEW YORK (AP) - Johnson & Johnson said Tuesday it will cut up to about 8,000 jobs and streamline its operations in an effort to cut costs as it braces for changes in the health care industry.
The New Brunswick...8,000 jobs at Johnson & Johnson will be cut
Nov 3rd, 2009 - azcentral
NEW YORK - Johnson & Johnson said Tuesday that it will cut up to about 8,000 jobs and streamline its operations in an effort to cut costs as it braces for changes in the health-care industry. The New Brunswick...
Johnson & Johnson to Overhaul Pharma, Cut 7000 Jobs
Nov 3rd, 2009 - BusinessWeek
The recession has slammed Johnson & Johnson (JNJ), the world's largest health-care company. So, CEO William Weldon on Nov. 3 announced an overhaul that will result in layoffs of 6% to 7% of J&J's 117,000 employees, or more than 7,000 people...
Johnson & Johnson sets restructuring, plans charge
Nov 3rd, 2009 - Forbes
Johnson & Johnson said Tuesday it will trim layers of management, cut thousands of jobs, and set other restructuring moves in order to save up to $900 million next year. The New Brunswick...
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