J & J to cut 7% work force
Who says US recession is ending ? Johnson and Johnson does not feel so, and it rather feels that tough times might stay for a longer time in the near future. So it is in the process of cutting another 7% of the work force which means another 8000 plus head cuts.
There could be also more job losses in the coming months in the government sector also, as many US states would be starved of cash.
