Nov 3rd, 2009 - Forbes
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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, N.J., company said the cuts will affect 6 to 7 percent of its global work force of roughly 118,700 workers, or potentially more than 8,000 jobs.
The layoffs will prompt a restructuring charge of up to $1.3 billion pretax in the fourth quarter. Still, the company confirmed adjusted profit guidance between $4.54 and $4.59 per share for 2009.
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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 plans to cut up to 8,000 jobs in reorganization
Nov 3rd, 2009 - Los Angeles Times
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...
Investors shrug off rise in factory orders
Nov 3rd, 2009 - The Seattle Times
Investors worried about the economic recovery drew only modest comfort from billionaire investor Warren Buffett's decision to buy one of the nation's largest railroads.
WSJ BLOG/Johnson & Johnson: CEO Discusses Job Cuts
Nov 3rd, 2009 - Wall Street Journal
(This blog has been posted on The Wall Street Journal Online's Health blog) J&J executives are discussing the company's plan to cut 6% to 7% of its global workforce...
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