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Saturday, November 21, 2009 3:59 AM

William Weldon

William Weldon - Click to view image in its original context
William Weldon
Type: Person
Name: William Weldon (William C. Weldon)
Title: Chairman and chief executive officer
Organization: Johnson & Johnson
Date of Birth: 26/11/1948
Place of Birth: Brooklyn, New York
Nationality: United States
Fact Sheet: Biography for William Weldon
First Reported 11/03/2009 - Updated 11/03/2009 - 3 Documents
J&J to cut 7,000 to 8,000 jobs (Reuters)
NEW YORK (Reuters) will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.The company said it expects ... [Yahoo! News - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 2 Documents (in Health)
Johnson & Johnson to cut 8200 jobs
HEALTHCARE giant Johnson & Johnson has announced plans to lay off as many as 8200 employees worldwide as part of a plan to save up to $US1.7 billion ($1.9bn) in 2011, citing economic and regulatory challenges.The company said it would achieve the cost ... [The Australian - 11/03/2009]
First Reported 11/03/2009 - Updated 11/04/2009 - 3 Documents
Johnson & Johnson announces plans to slash more than 7000 jobs worldwide
In 2010, the cost savings would be roughly $US800 - to $US900 million. Johnson & Johnson said it expects to take a pre-tax restructuring charge of $US1.1-1.3 billion in the current fourth quarter. J&J, which makes drugs, consumer products and medical ... [West Australia Sunday Times - 11/04/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 3 Documents (in Health)
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 ... [New York Daily News - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 2 Documents (in Market News)
Johnson & Johnson to cut up to 8,000 jobs
The consumer health company expects to save up to $1.7 billion by 2011 as a result of a broad cost-savings plan. NEW YORK (CNNMoney.com) -- Johnson & Johnson said Tuesday that it will cut up to 8,000 employees worldwide as part of a cost-savings plan ... [CNN Money - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 2 Documents
Johnson & Johnson - Click to view image in its original context
Johnson & Johnson
J&J to cut 6-7 percent of workforce in restructuring
J&J said the planned restructuring will eliminate 7,000 to 8,000 jobs and generate annualized cost savings of $1.4 billion to $1.7 billion by 2011, with $800 million to $900 million expected to be achieved in 2010.'This is what we need to do to right-size ... [Exec Digital US - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 2 Documents (in Internet & IT)
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 ... [BusinessWeek - 11/03/2009]
First Reported 11/03/2009 - Updated 11/04/2009 - 2 Documents (in Politics)
Job cuts at Nokia Siemens and Johnson & Johnson show the economy is still ill
Johnson & Johnson, the consumer goods and healthcare giant, said that it would cut up to 7 per cent of its 117,000 employees worldwide, meaning that as many as 8,190 people could lose their jobs.Nokia Siemens Networks (NSW), the joint venture between ... [Times Online - 11/04/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents (in Politics)
Johnson & Johnson cutting workforce
In July, CNNMoney.com told the stories of 4 out-of-work Americans who had just lost their unemployment benefits. Here's where they are today.NEW YORK (CNNMoney.com) -- Johnson & Johnson said Tuesday that it will cut up to 8,000 employees worldwide as ... [CNN - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents
Johnson & Johnson to Cut More than 7,000 Jobs Worldwide
Leadership & Strategy content is sponsored by SAP CDSP ProgramCut costs & improve response with collaborative demand and supply planningPrintEmailDiscussBookmarkDiggNewsvineRSS The global restructuring is expected to generate up to $1.7 billion in annual ... [Industry Week - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents (in Health)
Johnson & Johnson to axe 8,190 global jobs
Alexandra Frean, US Business CorrespondentJohnson & Johnson, the US healthcare giant, is cut up to 8,190 jobs from its worldwide workforce as part of a major restructuring designed to save up to $1.7 billion a year.The job cuts, representing between six ... [Times Online - 11/03/2009]
First Reported 11/03/2009 - Updated 11/03/2009 - 1 Documents (in Politics)
J&J CEO Weldon Bought $8.45M Waterfront Lot as He Planned 8,100 Layoffs
As Johnson & Johnson (JNJ) CEO William Weldon planned up to 8,100 layoffs at his company (announced today), he was also buying an $8.45 million, palm-fringed waterfront lot in North Palm Beach, Fla., from former General Electric CEO Jack Welch. ... [BNET - 11/03/2009]

Quotes

...Mr Weldon told investors in a conference call that the restructuring was in response to the "pressures in the regulatory environment and the cost of bringing new products to market" . He said the continuing effects of the global recession could still be felt, with consumers spending less and many have lost their jobs and (in the US)...
J&J continues streamlining by cutting managers [Pharmafocus - 11/11/2009]
"this is what we need to do to right-size the company to make sure we have the resources to invest" for long-term sustainable growth of the company, Chief Executive Officer William Weldon told analysts on a conference call, referring to J&J's 'rich...
J&J to cut 6-7 percent of workforce in restructuring [Exec Digital US - 11/03/2009]
...Those cuts include 7,000 to 8,000 layoffs, mostly overseas.J&J chief executive William Weldon (pictured) said in a statement, "these types of changes are difficult under any..."
J&J chief calls job cuts 'difficult' [The Deal.com - 11/03/2009]

More Content

All (66) | News (61) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (1)
sort by: Date | Relevance
J&J continues streamlining by cutting managers [Pharmafocus - 11/11/2009]
Johnson & Johnson to cut up to 8400 jobs [National AIDS Treatment Advocacy Project - 11/09/2009]
Johnson & Johnson to cut 7,000 jobs [Healthcare Digital - 11/07/2009]
J&J Cuts Staff in Major Restructuring Move [Pharmaceutical Executive - 11/05/2009]
J&J to cut thousands of jobs as part of res... [SmartBrief - 11/05/2009]
J&J to cut 7000 jobs [The Money Times - 11/05/2009]
Johnson & Johnson announces plans to slash ... [West Australia Sunday Times - 11/04/2009]
Johnson & Johnson Cutting up to 7 Percent o... [Digital Journal - 11/04/2009]
Job cuts at Nokia Siemens and Johnson & Joh... [Times Online - 11/04/2009]
Job cuts at Nokia Siemens and Johnson & Joh... [Times Online - 11/03/2009]
J&J to cut 6-7 percent of workforce in rest... [Exec Digital US - 11/03/2009]
Johnson & Johnson to cut 8k jobs [Economictimes - 11/03/2009]
J&J's Cuts Signal Continued Pressure On Med... [Nasdaq - 11/03/2009]
J&J Plans to Lay Off 7,000 [BusinessWeek - 11/03/2009]
Johnson & Johnson to cut 8200 jobs [The Australian - 11/03/2009]
J&J CEO Weldon Bought $8.45M Waterfront Lot... [BNET - 11/03/2009]
J&J to slash workforce by at least 6% [Canada.com - 11/03/2009]
Johnson & Johnson to Overhaul Pharma, Cut 7... [BusinessWeek - 11/03/2009]
J&J slashing workforce [Reuters UK - 11/03/2009]
Johnson & Johnson Slashing 8,000 Jobs [Moneynews - 11/03/2009]
Johnson & Johnson To Cut Upto 7% Workforce [RTTNews.com - 11/03/2009]
Johnson & Johnson to cut workforce by 7% in... [Manufacturing Chemist - 11/03/2009]
Johnson & Johnson to pare workforce [Chain Drug Review - 11/03/2009]
J&J slashing workforce, cites cost of drug ... [Forbes.com - 11/03/2009]
J&J to cut 6-7pc of workforce [Trade Arabia - 11/03/2009]
J&J to Slash 7,000 to 8,000 Jobs [ABC News - 11/03/2009]
2nd UPDATE: J&J To Cut Up To 7% Of Work For... [Nasdaq - 11/03/2009]
Johnson&Johnson to reduce up to seven per c... [Canadian Business Magazine - 11/03/2009]
J and J to cut global workforce by 7pc [Ireland Business World - 11/03/2009]
Washington : Johnson & Johnson to cut 7000 ... [Brisbane Courier-Mail - 11/03/2009]
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Content Volume
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Blogs

sort by: Date | Relevance
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. ...
Obama adopts Bush's arguments for secrecy [Salon: War Room - 07/22/2009]
Throughout the 2008 presidential campaign and then in the speeches he's given during his first few months in office, President Obama has gone out of his way to ...
Secrecy, Even If It's Obama [MyDD - 07/22/2009]
This is disappointing: Invoking an argument used by President George W. Bush, the Obama administration has turned down a request from a watchdog group for a list ...
Yet More Obama Secrecy: Won't Release Info On V... [TPMMuckraker - 07/22/2009]
And the beat goes on.... Here's the latest example of the Obama White House mimicking its predecessor's reflexive preference for secrecy over openness: the administration ...
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