Markets
U.S. close in 3 hrs, 5 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
J&J to Cut 900 Drug Unit Jobs
AP
NEW YORK (April 9) - Diversified health care products company Johnson & Johnson said Thursday it will cut about 900 jobs, mainly from its Ortho-McNeil-Janssen Pharmaceuticals unit.
The cuts include a mix of attrition and hiring freezes. They are part of the company's strategy to trim its U.S. sales force and refocus its approach in the market, according to Kara Russell, spokeswoman for the Ortho-McNeil-Janssen Pharmaceuticals unit.
The cuts amount to about 6 percent of J&J's overall pharmaceutical sales force.
In January, the maker of baby shampoo, contraceptives and other health items forecast weaker results in 2009, blaming the global recession, unfavorable currency exchange rates and intensified pressure from both generic drugs and competitors' new products.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
2009-04-09 18:08:32
COMMENTS ( 26 )
InkZhin
12:58PM Apr 11 2009
WANT TO FIND OUT IF YOUR EMPLOYEES ARE ILLEGAL ALIENS ??? SIMPLY GO TO "E-VERIFY" ITS A FREE GOVT WEBSITE. PLEASE INFORM EMPLOYERS EVERYWHERE IT WILL PROTECT THEM FOR FUTURE RAIDS AND WILL PROTECT AMERICAN JOBS FROM BEING STOLEN. AGAIN----"E-VERIFY". LETS STOP THESE ILLEGAL ALIENS FROM GETTING OUR JOBS !!!
REPLY
RATING
(3 RATINGS)
JK Prblm slvrs
12:49PM Apr 11 2009
Up untill 2006 the republican party ran the majorty of congress along with a republican president, (Bush). I was making $23,000.00 a year. All my bills were paid on time. Rent,credit card, car payment, utilities,rent , Daycare,etc.. What, if any, is the correllation in 2 yrs. i don't know... In 2006 the democratic party came into majority in congress and starting overriding bush's authority... In 2009 a democrat (obama) was put into office!!! Now I personally don't care if the president is dem/rep,,,male/female,,,or red/yellow/black/white,,,,,. I just know that here it is 2009 and I make $24,500.00 a year and I'm now late on one-third of my obligations....And NO I do not have any added costs!!!!!
REPLY
RATING
(3 RATINGS)
gemini613x
12:24PM Apr 11 2009
SAN ARTHUR Obama didn't need President Bush's "mess" as you call it to make him look bad. He has made a HUGE mess all by himself that has nothing to do with the previous administration. Stop blaming the "mess" on President Bush and just admit that your man is in way over his head and is clueless about what a President does. His inexperience is really showing now======You're an idiot and a typical Obama hater. A recession does not have to occur for companies to lay off workers; it happens during optimistic times. It has been less than 100 days, and the current administration has been able to establish a clear direction and less strain on the global economy, based on real economic indicates, now that the republican administration is not in the driver's seat and as a result of that real mess your darling Bush administration left for someone else to clean up. Don't get it twisted.
REPLY
RATING
(3 RATINGS)
Orbitxal1
12:12PM Apr 11 2009
Trim its US sales force? Looks like there will some new job openings in China. And will these products they sell us be of usable quality since they won't be made in America?
REPLY
RATING
(3 RATINGS)
Boxdog1031
11:47AM Apr 11 2009
Lets also not forget that BO's MUST HAVE Treasury Secty, Geitner is the creator of TARP and was the head of the Federal Reserve for FIVE FULL Years of Bush. BO, HAD to have Geitner. Geitner IS Bush. Jerk.
REPLY
RATING
(2 RATINGS)
Latest Money News
CNNMoney
- General Electric's Immelt talks to the French government about Areva
- Turnaround expert: Eight stocks below 1999 highs
- Heinz looking good after the second quarter?
- Why isn't Bank of America updating its shareholders on CEO situation?
- Options Update: HSBC Holdings volatility low; uncertainty of Dubai exposure