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J&J Layoffs

CSS doesn't fit into the long-term strategy of where J&J is going in terms of maintaining at least 4% growth. There will have to be more than just layoffs in order for J&J to fix what's broken here. BWI is a keeper for J&J, and BWI is already physically separate from the rest of CSS with their own buildings and campus in Irwindale & Israel. Mentor could easily be sold off or spun back off into an independent company as they were before 2009 since they have their own buildings and campuses in Texas and Netherlands. ASP, Sterilmed and Acclarent could be sold off to a private equity firm like Ortho Clinical Diagnostics was. In order to sell ASP, Sterilmed and Acclarent, they would need to cut headcount and outsource most manufacturing. A good chunk of Sterilmed's operations are outsourced to outside vendors or contractors, ASP's manufacturing is nearly all outsourced, and all of Acclarent's manufacturing is outsourced. With a few more layoffs here and there, the pieces are already in place for J&J to break up CSS.

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Can anyone shed light on the consumer product layoffs that are expected this summer? June and July '18 is the timeframe I've heard for layoffs and restructuring.

Expect site consolodations.

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Can anyone shed light on the consumer product layoffs that are expected this summer? June and July '18 is the timeframe I've heard for layoffs and restructuring.

The layoffs are always in July so they fly under the media radar.

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Can anyone shed light on the consumer product layoffs that are expected this summer? June and July '18 is the timeframe I've heard for layoffs and restructuring.

Joaquin Duato has the answer.

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Can anyone shed light on the consumer product layoffs that are expected this summer? June and July '18 is the timeframe I've heard for layoffs and restructuring.

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Warsaw is a small chunk of the problem my friend. Two years ago there were 3,000 layoffs within medical device and there will be another big round of layoffs sometime in the third quarter. The will give the same song and dance saying the layoffs are to help bring value to the customer but we all know that's garbage. Q3 or Q4 at the latest but they don't like doing these around the holidays because it makes them look bad.

Or they just decide to finally sell off the entire medical device business, maybe split the company in 2...or 3. Layoffs would still happen if they went this route though imo.

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Warsaw is in the midst of some major changes. The direction of the company is changing so be on high alert. Staff is being reduced.

Warsaw is a small chunk of the problem my friend. Two years ago there were 3,000 layoffs within medical device and there will be another big round of layoffs sometime in the third quarter. The will give the same song and dance saying the layoffs are to help bring value to the customer but we all know that's garbage. Q3 or Q4 at the latest but they don't like doing these around the holidays because it makes them look bad.

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I heard there were almost 400 people let go in January but don't know from what business unit. Anybody know?

Warsaw is in the midst of some major changes. The direction of the company is changing so be on high alert. Staff is being reduced.

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I heard there were almost 400 people let go in January but don't know from what business unit. Anybody know?

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Ok, scary, but all valid points, but we've heard rumors about being sold off for over a year and still nothing. Are there new rumblings of Acclarent and Sterilmed being sold off?

Acclarent was rumored to have interest from Olympus but sounds like they were both far apart on price.

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Ok, scary, but all valid points, but we've heard rumors about being sold off for over a year and still nothing. Are there new rumblings of Acclarent and Sterilmed being sold off?

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Sterilmed reprocesses all the used products for BWI, Ethicon, & DePuy Synthes, keeping them alive. J&J is keeping Sterilmed for that reason only.

Exactly the truth. The alternative would be giving Stryker Sustainability all of that business which is the last thing JNJ needs right now.

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I'm perplexed why Sterilmed won't be sold off.

Sterilmed reprocesses all the used products for BWI, Ethicon, & DePuy Synthes, keeping them alive. J&J is keeping Sterilmed for that reason only.

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CSS has been split up for a sale, along with the Power Tools unit of Synthes. The new CSS is keeping BWI, Cerenovus, and Sterilmed. Acclarent, ASP, and Mentor along with Synthes-Power Tools are up for sale and are now separated from CSS.

I'm perplexed why Sterilmed won't be sold off.

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Any reorgs coming in the ethicon/Device side coming down the pike? Layoffs?

CSS has been split up for a sale, along with the Power Tools unit of Synthes. The new CSS is keeping BWI, Cerenovus, and Sterilmed. Acclarent, ASP, and Mentor along with Synthes-Power Tools are up for sale and are now separated from CSS.

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