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Tuesday, November 3, 2009

J&J to cut 7,000; Mass. impact unclear

By Julie M. Donnelly

Johnson & Johnson, the world’s biggest health-care company, will lay off six to seven percent of its workforce in a restructuring designed to eliminate layers of management.

Globally, 7,000 workers will lose their jobs, though a Johnson & Johnson spokeswoman declined to say whether any of those job losses would be in Massachusetts.

J&J operates two wholly owned companies in Massachusetts — Transform Pharmaceuticals, based in Lexington, and Codman & Shurtleff, Inc, a medical device company in Raynham.

J&J began laying off as many as 4,400 employees from its pharmaceutical and stent divisions in 2007. The most recent round of cuts will be company-wide, J&J officials said.

Officials at J&J, which is based in New Brunswick, N.J., said the layoffs would save the company as much as $1.7 billion by 2011.

 

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