Johnson & Johnson Announces it Will Cut 8,200 Jobs
Johnson & Johnson announced today .jpg)
it would eliminate as many as 8,200 jobs, or 7% of its work force, to help the company cope with what it expects will be a slow economic recovery amid damped demand for drugs, medical devices and consumer products. J&J employs about 117, 000 workers globally. While the job cuts will be global, many losing their jobs will be outside of the US.
J & J joins a growing list of pharmaceutical and life sciences companies that have announced new layoffs. Pfizer Inc., the world’s biggest drugmaker, plans to fire 19,000 workers following its acquisition of Wyeth and had already cut 10,000 positions since 2007. J&J began firing as many as 4,400 employees from its pharmaceutical and stent divisions in late 2007. Finally, Merck recently announced that it will be eliminating 16,000 workers after its merger with Schering Plough closes later this year.
J&J’s announcement is more bad news for New Jersey which is still reeling from the earlier loss of tens of thousands of pharmaceutical and life sciences jobs.
Until next time...
Good Luck and Good Job Hunting (forget New Jersey)
With so many big pharma companies announcing and completing layoffs, the competition for the few remaining jobs is getter fierce. One new website resource is Pharma Job Talk.
http://www.PharmaJobTalk.com