Silobreaker: Johnson & Johnson to slash 7,000

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Sunday, November 22, 2009 12:13 AM

Published 11/03/2009 by New York Daily News

Johnson & Johnson to slash 7,000 - 8,000 jobs

Johnson & Johnson said on Tuesday it plans to cut 6 percent to 7 percent of its workforce in a battle to prop up profits in the face of generic competition to its prescription drugs.

The company said the cuts will affect 7,000 to 8,000 jobs, and generate...

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UPDATE 2-J&J to slash 6-7 pct of workforce ...

The company said the cuts will affect 7,000 to 8,000 jobs, and generate annualized cost savings of $1.4 billion to $1.7 billion in 2011, with $800 million to $900 ... - [11/03/2009 - Interactive Investor International]

J&J to slash 7,000 to 8,000 jobs (Reut... - [11/03/2009 - Yahoo! News]

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Blogs

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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

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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]
BA staff angry at job cuts as Christmas strike ... [ITN News - YouTube - 11/02/2009]
Business Update: Job hopes [Reuters - YouTube - 11/04/2009]

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Johnson & Johnson to slash 7,000 - 8,000 jobs