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.