Johnson & Johnson to reduce workforce in restructure

Published: 4-Nov-2009

Health care and toiletries giant Johnson & Johnson has announced plans to cut up to 8,000 jobs as part of a $1.3bn pre tax restructure. The company has said that 6-7% of its 118,700 strong global workforce will be affected.


Health care and toiletries giant Johnson & Johnson has announced plans to cut up to 8,000 jobs as part of a $1.3bn pre tax restructure. The company has said that 6-7% of its 118,700 strong global workforce will be affected.

The cuts form part of Johnson & Johnson’s efforts to simplify its business structure in the hope of saving an estimated $800m to $900m next year, and $1.4bn to $1.7bn annually from 2011, and follow the loss of 4,800 jobs in July 2007.

Last year Johnson & Johnson saw its revenue fall 5% in the third quarter due to intensified competition in the prescription drugs market.

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