The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Cashel (Ireland), San German (Puerto Rico), Fremont (US)
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
1,000 jobs Number of planned job losses
Announcement Date
15 June 2011
Employment effect (start)
Foreseen end date
Description
Johnson & Johnson announced a worldwide restructuring plan envisaging up to 1,000 job losses.
The company announced it will close its Cordis corporation manufacturing plant at Cashel (Ireland) resulting in the loss of 133 employees and a further 90 part-time contract workers; other Cordis plants in Puerto Rico and the United States will be affected by the restructuring.
Cordis started consultation procedures and did not yet announce a precise timeline for the closure.
Cordis is part of the Johnson & Johnson pharmaceutical group and produces interventional vascular technology.
Sources
15 June 2011: Financial Times
Citation
Eurofound (2011), Johnson & Johnson, Closure in World, factsheet number 72078, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72078.
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