| User Login Signup Now |
| Forgot Password? |
Johnson & Johnson to cut 8,000 jobs
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
Possibly related news:
- Shell to cut 5,000 jobs to enhance efficiency, 3Q production drops (Oct 29)
- Malaysian airline sells 300,000 seats in 24 hours (Nov 12)
- Ford posts one-billion-dollar profit (Nov 3)
- US investor Warren Buffett makes record rail investment (Nov 3)
- Nokia sues Apple for iPhone patent violations (Oct 22)
Other News Headlines
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.
INTERNATIONAL
Four Pakistanis arrested in Italy for Mumbai attacks - Moved at 1546
Sun TV Network to launch new game show
i am very eager to participate in deal or no deal for registration procedure pls call:9488561903
Sun TV Network to launch new game show
i am very interested to participate in deal or no deala for registration procedure please call...
Five killed in private jet crash near Minsk
your service is very modern and development Russian world
Sun TV Network to launch new game show
I am very interested to participate in deala no deala game show in sun tv. pls send me the...
'Xtrme City' about Mumbai mafia, families, romance: Paul Schrader (Interview)
this is very good. i like this
When We Do Not Know How to Pray!
[FONT="Arial"]Late one evening, a poor farmer on his way back from the market found himself without...
Intelligent people
[COLOR=Navy]thats tru i guess. and that seems to be the reason we see so many stories that pictures...
The Star Fish Story
[FONT="Arial"]Once a man was walking along a beach. The sun was shining and it was a beautiful day....
Ageing parents - Things 1 need to know for an emergency
[quote=bindunair;3721][FONT=Arial][FONT=Arial]
[LIST]
[*]It only takes a few minutes to collect and...
Risks
[FONT="Arial"]To laugh is to risk appearing the fool,
To weep is to risk appearing...
Thought of the day!
All life is an experiment. The more experiments you make the better.
Word association game..
Doctor
Change 1 Letter..
Nail -> Mail
Is rearranging the letters allowed?