Silobreaker: J&J Cuts Staff in Major Restructuring Move

NEWS SEARCH ANALYSIS INSIGHT

Saturday, November 21, 2009 4:12 PM

Published 11/05/2009 by Pharmaceutical Executive

J&J Cuts Staff in Major Restructuring Move

Company CEO William Weldon told investors that the cuts are being made primarily to ensure that J&J can fund the myriad of drugs and product it has coming down the pipe. Not surprisingly, management is blaming the economy for the brunt of the layoffs. When you look at the...

READ FULL ARTICLE

Share this

There are no more reports on this story yet.

Related Stories

First Reported 11/03/2009 - Updated 11/03/2009 - 8 Documents

UBS AG

FOMC meeting begins today

Observers will tune in to the language the central bank uses in its statement about rates to see whether the Fed will give any hints as to when it plans to raise rates.The Reserve Bank of Australia this morning increased its key interest rate for the ... [MSN Money - 11/03/2009]

Entities: UBS AG, Johnson & Johnson, Warren E Buffett

First Reported 11/03/2009 - Updated 11/04/2009 - 7 Documents (in Economy)

Stanley Works

Commodities, industrial stocks push markets

NEW YORK -- Investors sidestepped some of their doubts about the economy and bought energy and industrial stocks as commodity prices rose.Stocks ended back-and-forth trading mostly higher Tuesday as a spike in the price of gold and corporate dealmaking ... [Indianapolis Star - 11/04/2009]

Entities: Stanley Works, Unemployment, Black & Decker Corporation, Burlington Northern Santa Fe Corporation

First Reported 11/04/2009 - Updated 11/04/2009 - 2 Documents (in Corporate Deals)

Merck & Co Inc

Drug stocks mixed; Merck gains on merger

Drug stocks were mixed Wednesday while shares of Merck & Co. gained ground as the pharmaceutical giant marked the first day since the closure of its $41 billion merger with rival Schering-Plough Corp.The NYSE Arca Pharmaceutical Index rose 1.8% to 290.36, ... [MarketWatch - 11/04/2009]

Entities: Merck & Co Inc, Schering Plough Corporation, Mergers & Acquisitions, Johnson & Johnson

First Reported 11/05/2009 - Updated 11/05/2009 - 5 Documents (in Politics)

Federal Reserve System

US worker productivity surges in 3rd Quarter

Caption: Job seekers wait in line to speak with recruiters during a health care job fair at the Phoenix Convention Center in Phoenix, Arizona November 4, 2009. The U.S. services sector grew modestly for a second month in a row in October and private sector ... [Business Day - 11/05/2009]

Entities: Stephen Stanley, Federal Reserve System, Inflation, Johnson & Johnson

First Reported 11/10/2009 - Updated 11/10/2009 - 3 Documents

American International Group Inc

Stocks stall after recent gains

By Rodrigo CamposNEW YORK (Reuters) - U.S. stocks were little changed on Tuesday, stalling the S&P 500 index's string of six straight advances, as investors paused to assess recent gains.Shares of industrial materials companies and banks, which led Monday's ... [Reuters - 11/10/2009]

Entities: American International Group Inc, S&P 500, Wells Fargo Advisors, AK Steel Holding Corporation, Priceline.com

First Reported 11/04/2009 - Updated 11/04/2009 - 3 Documents (in Economy)

Target Corporation

US service sector grows again in October

The US service sector grew for a second straight month in October, but at a slower pace than in September, as a broad economic recovery creeps along.The Institute for Supply Management said on Wednesday that its service index dipped to 50.6 last month ... [The Age - 11/04/2009]

Entities: Anthony Nieves, Paul Ashworth, Target Corporation, The Institute, Capital Economics

First Reported 11/04/2009 - Updated 11/04/2009 - 3 Documents (in Politics)

Microsoft Corporation

Microsoft cuts 800 jobs, completes layoff plan

SEATTLE (Reuters) - Microsoft Corp said on Wednesday it is cutting a further 800 jobs across its operations, on top of 5,000 jobs already eliminated under a plan to reduce costs that was announced in January. ... [Reuters: Internet News - 11/04/2009]

Entities: Layoffs, Microsoft Corporation, Complementary

First Reported 11/03/2009 - Updated 11/03/2009 - 2 Documents (in Corporate Deals)

Merck/Schering-Plough merger complete

Philadelphia Business Journal - by John George Staff WriterJohnson & Johnson files to end Schering-Plough relationshipFDA approves GlaxoSmithKline’s CervarixNew class of HIV/AIDS drugs works faster in trialWhat Merck post-Schering Plough merger will look ... [Philadelphia Business Journal - 11/03/2009]

Entities: Schering Plough Corporation, Merck & Co Inc, Mergers & Acquisitions, Johnson & Johnson, Centocor Inc

First Reported 11/04/2009 - Updated 11/04/2009 - 2 Documents (in Market News)

Microsoft Prepping Layoffs 2009 Service Pack 3

“ We are mostly but not all done ” with layoffs. Microsoft CEO Steve Ballmer said that in May of this at the start of a second round of cuts that claimed the livelihoods of some 3,000 employees. Now, six months later, the company is apparently finishing ... [All Things Digital - 11/04/2009]

Entities: Microsoft Corporation, Layoffs, Steve Ballmer

First Reported 11/04/2009 - Updated 11/04/2009 - 1 Documents (in Economy)

Before the bell: Futures rise ahead of Fed decision

Filed under: Before the bell, International markets, Time Warner (TWX), Berkshire Hathaway (BRK.A), Market matters, Johnson and Johnson (JNJ), Economic data, Oil, Federal Reserve, Burlington Northern Santa Fe (BNI)U.S. stock futures climbed on Wednesday ... [BloggingStocks - 11/04/2009]

Entities: Federal Reserve System, Burlington Northern Santa Fe Corporation, Berkshire Hathaway Inc, Johnson & Johnson, New York Stock Exchange

First Reported 10/29/2009 - Updated 10/29/2009 - 1 Documents

5-Star Stocks Poised to Pop: Berkshire Hathaway

Based on the aggregated intelligence of 140,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, conglomerate holding company Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has earned a coveted five-star ranking.With ... [Motley Fool - 10/29/2009]

Entities: Motley Fool, Berkshire Hathaway Inc, New York Stock Exchange

First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents

Bay St. could extend slump

Canadian stocks will look to snap back from a two-month low on Tuesday, but early signals are pointing to another lackluster session amid concerns that the global economic recovery has yet to take hold.Minutes after the open, the S&P/TSX composite index ... [Yahoo! Canada - 11/03/2009]

Entities: United States, MDS Incorporated, Toronto stock exchange, Burlington Northern Santa Fe Corporation

Blogs

sort by: Date \| Relevance
J&J Raises the Ax [Corante - 11/03/2009] Johnson & Johnson says that it could be cutting up to 8,000 jobs. This has been in the wind for a while, but I haven't had any reports yet of what it's doing on ...
J&J chief calls job cuts 'difficult' [The Deal.com - 11/03/2009] Two weeks after Johnson & Johnson (NYSE:JNJ) reported mixed earnings which tugged stocks downward, the world's biggest healthcare company is looking to cut costs. ...
J&J Raises the Ax [In the Pipeline - 11/03/2009] Johnson & Johnson says that it could be cutting up to 8,000 jobs. This has been in the wind for a while, but I haven't had any reports yet of what it's doing on ...
At Johnson & Johnson, Merger-style Savings [DealBook - 11/04/2009] Johnson & Johnson has found merger-size savings -- in itself. The health care giant will eliminate about 8,000 jobs. But the benefits are likely to be as fleeting ...
Why I'm Still Buying Johnson & Johnson at T... [Healthcare Sector and Stocks Analysis from Seek ... - 11/10/2009] Dividends4Life submits: Linked here is a detailed quantitative analysis of Johnson & Johnson (JNJ). Below are some highlights from the above linked analysis: Company ...

Audio/Video

sort by: Date \| Relevance
Job hopes [Reuters Video: Business - 11/04/2009]
Labor Secretary Says Job Losses Are Slowing [Associated Press - YouTube - 11/06/2009]
Obama Warns of Future Job Losses [ABC News Video: Politics - 11/02/2009]
fMexicans protest redundancies - 12 Nov 09 [Al Jazeera - YouTube - 11/12/2009]
BA staff angry at job cuts as Christmas strike ... [ITN News - YouTube - 11/02/2009]

Change Password

Log in to Silobreaker

Advanced Search Options

J&J Cuts Staff in Major Restructuring Move