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J&J Cuts 3,000 Jobs in Medical Device Sector Due To Weak Performance

J&J logoMesh News Desk, January 19, 2016,  ~ Johnson & Johnson will cut about 3,000 jobs in its medical device division. The company based in New Brunswick, New Jersey made that announcement Tuesday.

mesh particles from Ethicon (J&J) mesh

Mesh particles from Ethicon (J&J) mesh

The  workforce cutback represents  more than 2 percent of J&J employees globally and 4-6% of medical device workers.

“These actions recognize the changing needs of the global medical device market,” said Gary Pruden, chairman of Johnson & Johnson’s medical device unit.

Specifically affected are medical devices in the orthopedics, surgery and cardiovascular business. Not affected are medical devices for consumer use or pharmaceuticals. Medical devices have been noted as one of the weaker performing sectors for investors.

AP reports (here) J&J has been trying to revive sales of DePuy hip implants and Ethicon surgical mesh. By October sales dropped 7.3%. “Restructuring is a positive step,” says a Wells Fargo analyst.

The company will discuss its fourth quarter earnings for 2015 when it meets and releases those figures January 26. The company will have its annual shareholders meeting April 28,2016 in New Brunswick, New Jersey. See more here. 

Federal courthouse, Charleston, WV

Federal courthouse, Charleston, WV

Johnson & Johnson’s Ethicon division represents the highest number of pelvic mesh cases consolidated in federal court in Charleston, WV. As of today, there are 30,665 defective product lawsuits consolidated in this court.  The fourth quarter report will tell investors how many additional lawsuits are filed in states courts and around the world from Ethicon’s mesh.  In some cases, juries have found the pelvic mesh to be defective. Specifically, the TVT-O (transvaginal tape obturator) remains on the market.

In June 2012, the company quietly removed four meshes from the market, including the  Prolift, one of the largest pelvic meshes used to treat pelvic organ prolapse and one of the most difficult to remove.

The current report (here) reads:

About Johnson & Johnson Medical Devices Companies

 

Having made significant contributions to surgery for more than a century , the Johnson & Johnson Medical Devices Companies are in the business of reaching more patients and restoring more lives. The group represents the most comprehensive surgical technology and specialty solutions business in the world, offering an unparalleled breadth of products, services, programs and research and development capabilities directed at advancing patient care while delivering clinical and economic value to health care systems worldwide.

 

LEARN MORE:

J&J Announces Cuts

https://www.jnj.com/news/all/Johnson-Johnson-Announces-Actions-to-Strengthen-Medical-Devices-Leadership-Position-in-Evolving-Healthcare-Marketplace 

J&J Announces Fourth Quarter, January 26, 2016

http://www.investor.jnj.com/investor-relations.cfm

J&J Webcast Jan 26, 2016 Alex Gorsky will speak

http://www.investor.jnj.com/eventdetail.cfm?EventID=168331

 

21 Comments

  1. karen says:

    Hi Jane thank you for everything !!! Great looking year

    Why would ALEX GORSKY have A 25 Million Dollar Bonus Check Last Years ? Sales where great mesh had brought in a large Quarterly increase !!!! ALEX YOU NEED TO RETURN THAT MONEY !!!!!! IT IS REFUND SEASON !!!!

    What a tiny web they weave when they trying to deceive !!!!!

    You know when we were gowning up and you knew when you was in trouble we started running and lying and hiding . YOU CORPORATIONS AND INVESTORS STOP Saling your SOULS to the DEVIL, IT will never work !!!! YOU will get caught !!!! Lets Play Time For The Truth !’THANK YOU GOD !!! THANK YOU GOD !!!!

    • Barbara says:

      Amen.I feel for any future “customers” of their products.(mesh). More innocent and unaware people will be told it’s the best thing since sliced bread. Going on 5 years of “loss” for me.Loss of driving 350 miles to spend time with grandkids.My life revolves around “pads” and “pain. Hope everyone here are doing well in spite of these criminals.

  2. janet says:

    They are trying anything and everything to say they are going under

    Just another SHAME on them

    Pay up big gups

    You should have not been hiding the truth and doing evil

    • Oppie says:

      The story continues to get bigger and more sad with each passing day.

      Innocent trusting people get the bad end of their schemes for high market share and profit.

      The loss of employment for 3000 employees will ripple further than we can imagine.

      Injuried patients unable to work seeking/receiving SSD and now employees seeking unemployment benefits while searching for new employment!

      Family lives are forever changed due to poor management choices and decisions.

      Please God help us move forward to better times.

  3. Bejah Blue says:

    It occurs to me that if they are going to cut these jobs that may translate into whistleblowers coming out of the woodwork in our defense. I hope so.

    I thought of something else (off topic) that I wanted to mention. I have had a few surgeries in my life. Why was this the only one where adhesions seem to be the horrific problem they are? Why also the endless pain which seems to be bearing down on me now especially when it is so dark and cold and the days are so short and the sky so grey. I can not afford propane so have little heat and find myself in bed with my electric blanket and a book much of the time and sleep….I seem to be sleeping much more, maybe it is the instinct to hibernate or maybe unconsciously I hope when I wake the bad dream will be over. Sometimes I look out in my minds eye over the endless fields as if straining to see some far shore…a promised land but I can not see that far or maybe the fields go on forever. I must tell myself, again, “this too shall pass”. Take care all.

    Bejah

    • Kitty says:

      Hi Bejah thinking of you often when I munch on my ginger snaps and contemplate what color I will use to paint the dining room., living room et al. Take care of your self and stay strong missed you. Kitty

      • Bejah Blue says:

        Kitty, How did you know I love Gingersnaps? Did I tell you. That is so wonderfully funny. I also love the Nabisco cookies (this is my memory problem surfacing…I can not recall the name of the cookie) that are dark chocolate with white stuffing….Oreos! But I carefully remove the white sugar stuff and put a pile of it in the trash and just eat the dark chocolate biscuit part. Also love shortbread, especially English shortbread with a pot of tea, wonderful in winter. A favorite are oatmeal raisin with walnuts the way mom used to make using the recipe they used to put on the oatmeal canister.

        With regard to Tammy and George…IMHO if it is the real deal the affection is never gone it just alters from time to time. And did the bard not say “Alternation does not fail when it alteration finds” but remains steadfast in respect and love for the other regardless of what changes befall the two (I may have quote wrong but I think the message stands). It would be good for all of us who are married to read it together every Anniversary, especially now.

        Bejah (Thanks Kitty)

  4. kitty says:

    Just thinking–the downward spiral since crippling material has been implanted. From 10 miles to 0. Too coincidental that so many have same mesh—Same affliction. And what about my foot?

  5. Mary says:

    We are not sent to do battles for God,but to be used by God in His battles. I am thankful for my struggle because without it I wouldn’t have stumbled upon my strength. Remember we are not wrestling with flesh and blood , but with evil on the solid rock I will stand. GREATER IS HE THAT IS IN ME THAN IS IN THIS WORLD. In His love I have all the strength I need to handle whatever comes.

  6. janet says:

    Well I am not surprised.

    This company has money there are so many things that they are into.This is there plan to either sell out that division of the company and then lay off.. It is a move to not pay off these woman. Ladies get smart

    Johnson &Johnson hands are in so much stuff with there company. They want to settle for nothing

    Look at what they have done to you they lied, cheated shredded documents

    These judges need to get smart and hang them up

  7. janet says:

    Just sitting and thinking about things today

    I really feel like these manufacturers and these attorneys treat us like a piece of trash that someone threw out on the side of the road and just keeps running over us. Hoping that we will vanish so they will not have to pick up the mess they created

  8. Bejah Blue says:

    Hello everyone, I was just reading an article on Psychology and came across the following which I thought might be helpful to us all, helping to strengthen our sense of self worth, our rights under the law, both universal and civil and shore up our will to fight the good fight. I hope you find it helpful.

    Importantly, remind yourself of these fundamental human rights:

    You have the right to be treated with respect.

    You have the right to express your feelings, opinions and wants.

    You have the right to set your own priorities.

    You have the right to say “no” without feeling guilty.

    You have the right to get what you pay for.

    You have the right to have opinions different than others.

    You have the right to take care of and protect yourself from being threatened physically, mentally or emotionally.

    You have the right to create your own happy and healthy life.

    The Fundamental Human Rights are grounded in the United Nations Universal Declaration of Human Rights, laws in many democratic nations protecting against abuse, exploitation, and fraud, and, if you’re in the United States, the U.S. Constitution and Bill of Rights.

    These rights represent your boundaries. As long as you do not harm others, you have the right to stand up for yourself and defend your rights. Those who bring harm to others (the defendants in our cases, for example) forfeit these rights.

    Stay strong in spirit and united in purpose my sisters and brothers.

    Bejah

  9. Marsha H says:

    What ever happened to the Ethicon Trial that was suppose to have over 37 VICTIMS on trial at one time In January. It was suppose to be last year and they postpone it twice and then scheduled it for January, now it seems that it is not going to be held at all.. I say victims because that is what we are. Had surgery in March 2008, reconstruction in February 2009, and then partial removal in September 2009. Had the GYNACARE PROLIFT. They were able to remove it all. I have suffered since and go to PT everyother week at my own expensive to have myofacial release done for the pain. This is the first time that I have written, but follow you webside all the time. I have 72 years old and won’t live long enough probably to get a dime for all this pain and suffering. I have not other physical problems, but this has ruined my life. I would be perfectly heathly today, if I had not had surgery.

    • Jane Akre says:

      Hi Marsha- That trial has been moved to April 11. Many plan on attending….as well as a rally outside of the courthouse in WV. I took the liberty of removing your last name in case you are represented!

      • Marsha H. says:

        Thanks so much for removing my last name. I am being represented. Thanks for the heads up. I would love to attend the trial and will see if I can work that out. Hate to make airline reservations and then have them cancel it again. That one is going to be something else, that is for sure, with so many at the same time. I wish I was in that group. THANKS for all your hard work on this and supporting so many of us. I go to your website first to get information and have never commented before, but I think I am very frustrated with all the women that are hurting and justice doesn’t seemed to prevail. Blessings dear one!

  10. L. Bertino says:

    I agree with everyone!!! Just thinking how my life is been since I had that mesh implant!!! I get sick to my stomach and feels like I’m going to have a nervous breakdown because my life is totally ruined financially, medically, lost all sexual relationship with my husband and struggling to financially survive day to day with my 2 daughters. Still trying so hard to keep a job to take care of special needs children to make a little money. Sometimes people just don’t know how it is not have any money even just to eat!!!! I was so much better before I had that mesh implant. I’m so sad!! Fighting so hard to stay strong for my girls.

  11. kitty says:

    I’d like to agree with Bejah–in light of many of us older victims. I love what George Jones wrote to Tammy after they had their first baby

    —“Will u love me when my hair turns silver and the affection is gone?”

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