Johnson & Johnson Makes Huge Job Cuts

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Friday, March 19, 2010 1:50 PM

Published Nov 03 2009 by Clusterstock

Johnson & Johnson Makes Huge Job Cuts

So much for thinking that healthcare is a safe space to be in. Johnson & Johnson (JNJ) is cutting 6-7% of its global workforce, which total 117,000. At the high end, that could be up to 8,000 positions. As noted by CNBC, the move comes on election day in New Jersey,...

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Johnson & Johnson Makes Huge Job Cuts - [Nov 03 2009 - Clusterstock]

First Reported Mar 18 2010 - Updated 20 hours ago - 3 Documents

Johnson & Johnson

LIFE SCIENCES: Bapineuzumab results not expected until 2012

Johnson & Johnson has announced that the eagerly anticipated full late-stage results for the Alzheimer's drug bapineuzumab will be two years later than expected. Johnson & Johnson took over the development of the drug when it bought Elan's Alzheimer's ... [Published 20 hours ago by Business & Finance]

Entities: Johnson & Johnson, Alzheimer's Disease, Forest Laboratories Inc

First Reported 20 hours ago - Updated 17 hours ago - 3 Documents

Jim Stratton: Contractors say Orlando leads state in construction job losses

Orlando lost more construction jobs than any other metro area in Florida over the last year and was among the nation’s 10 biggest losers, according to new data from the Associated General Contractors of America.Construction employment dropped by 25 percent ... [Published 17 hours ago by Orlando Sentinel]

Entities: Layoffs, Ken Simonson, Associated General Contractors of America, Pensacola (Florida, United States), Demur

First Reported Mar 18 2010 - Updated 1 hour ago - 3 Documents

Siemens AG

Siemens cuts 4,200 jobs

German industrial giant Siemens is to cut 4,200 jobs from its IT unit - more than 10% of its worldwide IT workforce.The job cuts, which will include 2,000 in Germany, are set to be made by the autumn of 2011.Siemens also plans to turn the division into ... [Published 1 hour ago by BBC]

Entities: Siemens AG, Layoffs, Nuclear Reactor, Net Income

First Reported 12 hours ago - Updated 12 hours ago - 2 Documents

125 Toledo Police Employees Receive Layoff Notices - LawOfficer.com

The city of Toledo on Monday issued 137.5 layoff notices in an effort to present a balanced budget come March 31. The layoff measures would be in addition to other cuts and revenue enhancements that have been proposed for council approval, but not yet ... [Published 12 hours ago by LawOfficer.com]

Entities: Layoffs

First Reported 5 hours ago - Updated 3 hours ago - 2 Documents

San Jose Unified School District

San Jose Unified School District avoids layoffs by cutting the...

San Jose Unified will not send layoff notices to teachers on March 15, but instead teachers will take a 2.5 percent pay cut starting with the 2010-11 school year, which will translate into five fewer days of instruction.'There aren't a whole lot of options,' ... [Published 3 hours ago by San Jose Mercury News]

Entities: San Jose Unified School District, Layoffs, San Jose (San Jose, Costa Rica), Cupertino Union School District, Bankrupt

First Reported Mar 18 2010 - Updated 7 hours ago - 2 Documents

Brendan Barber

Economy too fragile for public sector job cuts

By Mike JonesThe economy is still far too fragile to withstand spending cuts and the best way to reduce the deficit is to go for economic growth, the TUC has told the Chancellor in its Budget Submission published today.There is still a huge risk of a ... [Published 10 hours ago by Recruitment Today]

Entities: Layoffs, Brendan Barber, Mike Jones, Low-carbon

First Reported Mar 18 2010 - Updated Mar 18 2010 - 2 Documents

University of Sussex

Sussex University teachers and researchers to strike over job cuts

University of Sussex teachers and researchers are set to hold a one-day strike today (18 March) in response to proposed redundancies and lecturing changes.Members of the University and College Union (UCU) are angry at the university's plans to make 115 ... [Published Mar 18 2010 by Personnel Today]

Entities: University of Sussex, Layoffs, Sally Hunt, University and College Union

Blogs

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J&J chief calls job cuts 'difficult' [The Deal.com - Nov 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 - Nov 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 - Nov 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 ... - Nov 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 ...
Why I'm Still Buying Johnson & Johnson at T... [Long Investment Ideas from Seeking Alpha - Nov 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

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Job hopes [Reuters Video: Business - Nov 04 2009]
Labor Secretary Says Job Losses Are Slowing [Associated Press - YouTube - Nov 06 2009]
Obama Warns of Future Job Losses [ABC News Video: Politics - Nov 02 2009]
BA staff angry at job cuts as Christmas strike ... [ITN News - YouTube - Nov 02 2009]
Business Update: Job hopes [Reuters - YouTube - Nov 04 2009]

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Johnson & Johnson Makes Huge Job Cuts

LIFE SCIENCES: Bapineuzumab results not expected until 2012

Jim Stratton: Contractors say Orlando leads state in construction job losses

Siemens cuts 4,200 jobs

125 Toledo Police Employees Receive Layoff Notices - LawOfficer.com

San Jose Unified School District avoids layoffs by cutting the...

Economy too fragile for public sector job cuts

Sussex University teachers and researchers to strike over job cuts