March 23, 2009
JERUSALEM (JTA) -- Johnson & Johnson shut down its headquarters in Israel.
The company's 20 employees, including its CEO were fired, according to Ynet. The announcement of the shutdown, which was scheduled to take place immediately, was made last week.
Johnson & Johnson has been operating in Israel for 13 years. The company reportedly is in the process of closing branches around the world with sales below $50 million. Its products will continue to be sold in Israel.
from: jta.org
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