J&Js Alza and Scios units to cut jobs

Johnson & Johnson unit Alza plans to eliminate close to 600 jobs in research and development and support by the end of 2007, The Silicon Valley-San Jose Business Journal reports.

Another 200 positions in clinical development, manufacturing, sales and marketing, at both Alza and J&J division Scios will be relocated to other company sites, the newspaper's Web site reported.

News of the cuts came just hours after J&J announced plans to trim its global work force by up to 4% or as much as 4,820 jobs.

Alza was acquired by J&J in 2001 for $10.5 billion and Scios was acquired in 2003 for $2.3 billion. Both companies will vacate their office space in Mountain View, CA by the end of 2007. Alza will seek a buyer for its stake in the property, according to the Web site report. Alza said its 1,200-person facility in Vacaville, CA will continue to operate without disruption. 

You must be a registered member of MMM to post a comment.

Did you miss January's Top 40 Healthcare Transformers issue? Read how these inventors, strategists, entrepreneurs and wonks are challenging, disrupting and otherwise transforming the healthcare business. And join us April 30 to honor them at the Transforming Healthcare Dinner. Click here.