Silobreaker.com    Log In
   My Page    Help   
360° SearchNetworkHot SpotsTrends
 
Advanced Search Options >>
Saturday, November 21, 2009 11:36 PM

Published 11/03/2009 by BusinessWeek


J&J Plans to Lay Off 7,000

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. "We've gone through the...

Share this 

What others report on the same story

Johnson & Johnson to Overhaul Pharma, Cut 7... - [11/03/2009 - BusinessWeek]
1

Quotes

...explanations. "In the past, we would be going and detailing products to primary-care physicians" McCoy said in September...
J&J Plans to Lay Off 7,000 [BusinessWeek - 11/03/2009]
...in September. "Now we're taking sales forces out, and the way we interact with those physicians is directly through the Web site." The company's thought...
J&J Plans to Lay Off 7,000 [BusinessWeek - 11/03/2009]
...and Alzheimer's. "Like all of the industry we're looking at the new commercial model and asking, 'How do we go to market differently?' " McCoy says...
J&J Plans to Lay Off 7,000 [BusinessWeek - 11/03/2009]

Related Stories

First Reported 11/03/2009 - Updated 11/03/2009 - 7 Documents
UBS AG - Click to view image in its original context
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]
First Reported 11/04/2009 - Updated 11/04/2009 - 2 Documents (in Corporate Deals)
Merck & Co Inc - Click to view image in its original context
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]
First Reported 11/03/2009 - Updated 11/04/2009 - 6 Documents (in Economy)
Stanley Works - Click to view 360-page
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]
First Reported 11/05/2009 - Updated 11/05/2009 - 5 Documents (in Politics)
Federal Reserve System - Click to view image in its original context
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]
First Reported 11/04/2009 - Updated 11/04/2009 - 3 Documents (in Economy)
Target Corporation - Click to view image in its original context
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]
First Reported 11/03/2009 - Updated 11/03/2009 - 2 Documents (in Corporate Deals)
Schering Plough Corporation - Click to view 360-page
Schering Plough Corporation
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]
First Reported 11/10/2009 - Updated 11/10/2009 - 1 Documents
Pfizer Inc - Click to view image in its original context
Pfizer Inc
Pfizer to cut jobs at Wyeth's Montco site
Pfizer Inc., which bought rival Wyeth last month, said yesterday that it would move 'a number of functions' from Wyeth's Collegeville, Montgomery County, location as Pfizer consolidated research and development at five 'hub' sites. Separately yesterday, ... [Philadelphia Inquirer - 11/10/2009]
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]
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]
In Focus
Network

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 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 ...
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. ...
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 ...
1 2 3 4

  •  
  •  
  •