Bryn Athyn-Based Johnson and Johnson Announces Major Layoffs

By JASON KOESTENBLATT and JUSTIN HEINZE

One of the area‘s largest employers announced Tuesday it will be reducing its workforce by some 3,000 people over the next two fiscal years.

Johnson & Johnson, with headquarters in New Brunswick, N.J. and major facilities in southeastern Pennsylvania, said it would be restructuring its Medical Devices businesses to “better serve the needs of customers and patients in today’s evolving healthcare marketplace,” according to a statement.

The changes will result in a savings of $800 million to $1 billion annually, which will be realized by the end of 2018, the company said.

The company’s locations in Pennsylvania include the following sites:

• 400 W Lincoln Ave, Lititz (manufacturing)
• 7050 Camp Hill Rd, Fort Washington (manufacturing)
• 965 Chesterbrook Blvd, Chesterbrook (corporate office)
• 1400 McKean Rd, Spring House (research)
• 3401 Masons Mill Rd, Bryn Athyn (laboratory)

“The company estimates that the actions announced today will result in position eliminations of approximately 4 to 6 percent of the Medical Devices segment’s global workforce over the next two years, subject to any consultation procedures in countries where required,” the statement said.

That figure turns into about 2.5-percent of the entire global workforce, or approximately 3,000 employees, the healthcare giant said.

See more details about the layoffs here.