J&J to cut about 3,000 jobs in its medical device business (Philadelphia Business Journal)
Johnson & Johnson said Tuesday its plans to eliminate between 4 percent and 6 percent of its medical device workforce over the next two years as part of an effort to generate $800 million to $1 billion in savings.
The jobs cuts work out to about 3,000 jobs at the New Brunswick, N.J., health care giant, which said it is undertaking the restructuring plan to “accelerate innovation” and “better serve the needs of customers and patients in today’s evolving health care marketplace.”
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