Drugmakers to Cut 1,100 Jobs in NJ

July 8, 2008 8:13:44 AM PDT
More than 1,100 pharmaceutical workers in New Jersey will be losing their jobs starting in August. Most of the job cuts are part of major previously announced restructurings at Johnson & Johnson and Schering-Plough Corp. This week, the companies specified how many of those jobs would be cut from New Jersey locations.

Schering-Plough, based in Kenilworth, is cutting 500 jobs. New Brunswick-based J&J is eliminating 550 jobs at its Ortho Biotech unit in Bridgewater. Both face slumping sales for key drugs.

Meanwhile, Abbott Laboratories in Parsippany is cutting 83 jobs.

As required by the federal Worker Adjustment and Retraining Notification Act, the companies notified the state about the planned layoffs, and it posted them on the labor department's Web site.