Alert. More job cut coming up.
Johnson & Johnson, the American pharmaceutical company, is preparing to cut up to 8,000 jobs globally in its effort to cut operation cost and reduce liability. It is also poised to simplify its business structure that would see the company saving close to 1 billion in the next 1 to 2 years.
The cut 8,000 represents between 6 to 7 percent of J&J total workforce at the moment. Globally, the company employs about 120,000 employees. It would continue to restructure the organization and may only stop in the year 2011.
This is the second major job cut implemented by J&J in two years, which saw close to 5,000 workers losing their job during their 2007 restructuring exercise.
Johnson & Johnson is headquartered in New Brunswick, New Jersey, United States, and owns more than 200 subsidiary companies with presence in more than 100 countries worldwide. Some of J&J’s prominent brands include Band-Aid, Johnson’s baby products, Neutrogena, Clean & Clear, Acuvue, Carefree, First-Aid, Listerine and others.
With a wide range of products, Johnson & Johnson is considered as the world’s most diversified producer of health and pharmaceutical products.