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US consumer goods and pharmaceutical company Johnson & Johnson said Tuesday it would cut around 8,000 jobs in a bid to trim costs in the wake of the recession.
The lay-offs amount to some 6 percent to 7 percent of the company's employees.
They are designed to save some $1.7 billion by 2011, the New Brunswick, New Jersey-based company said. One-time costs of up to $1.3 billion will fall in the current quarter.
Last updated on Nov 4th, 2009 at 03:42 am IST--DPA
The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs.49.53 crore for the development of the Kollam Technopark, an IT park coming up in Kollam, Kerala.
At least 14 militants and six soldiers were killed Saturday in the latest fighting in the ongoing military operation in Pakistan's restive northwestern tribal region, the army said.
Pakistan's interior minister has offered to quit if the presence of US security agency Blackwater in Pakistan is proved -- but he could be treading on thin ice for more than one reason.
A Lebanese mother found dead with her three daughters left a videotaped confession that she poisoned the family, local media reported Saturday.
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