NEW YORK (Reuters) - Johnson & Johnson 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 to generate annual pre-tax cost savings of $1.4 billion to $1.7 billion in 2011.
"We are announcing a series of actions and plans designed to ensure that our company remains well-positioned and appropriately structured for sustainable, long-term growth in the health care industry," J&J Chief Executive Officer William Weldon said in a statement.
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Nokia Siemens Plans to cut 5,760 jobs in the second round of cuts
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Prepare for the Great Depression.
Survival Seeds
Why all these layoffs , i thought we were in RECOVERY , oh wait can i say BULLSH)T
ReplyDeleteRecovery! Yea right! Bullshit is right
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