Overhaul to Cost Jobs At Johnson & Johnson.

In what had already been a year of drastic job cuts in the drug industry, the health care giant Johnson & Johnson said Tuesday that it would eliminate 6 to 7 percent of its worldwide work force -- about 7,000 to 8,200 jobs -- as part of a corporate revamping. The company, which makes drugs, medical devices and personal care products like Listerine, currently has about 117,000 employees worldwide. Many of the cuts are expected to occur overseas. [ABSTRACT FROM PUBLISHER]