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Posted on Wed, Nov. 4, 2009


Johnson & Johnson to close 2 Phila.-area sites

Johnson & Johnson said today that it was closing research & development facilities in Radnor and Chesterbrook and consolidating those operations at the company's Spring House site.

The New Brunswick, N.J., company would not say how many jobs are at those locations now or how many would remain in Spring House after the move, which is to be completed by 2012.

Johnson & Johnson announced Tuesday that it would cut about 8,000 jobs out of 117,000 total worldwide but would not offer specifics about where the reductions would occur.

The company owns the Spring House location but leases offices at the two other sites. The changes are aimed at saving $1.7 billion at the health-care products and pharmaceutical company by 2011.    - Miriam Hill


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Comments   
Posted 05:36 PM, 11/04/2009
Getmethetickets
Why not be a bit more radical; there's some companies who are reducing working hours, cutting a bit off salaries but keeping all their employees because they're the companies biggest assets. It's allowing some companies to stay profitable even in the downturn without losing employees.
Posted 02:36 AM, 11/07/2009
No Ids
Yeah even though the CEO of JnJ is still taking home over 20 million. Bloodless money grubbers.
2 comments
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