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J&J to Cut 2% of Workforce

Plans to restructure medical devices business

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By: Kristin Brooks

Managing Editor, Contract Pharma

Johnson & Johnson plans to eliminate approximately 3,000 jobs in the next two years as part of an effort to restructure its medical devices business. This amounts to more than 2% of its global workforce and 4% – 6% percent of its medical device employees.   “These actions recognize the changing needs of the global medical device market,” said Gary Pruden, chairman of Johnson & Johnson’s medical device unit, in a statement.   The restructuring focuses on the co...

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