CEO Sharon Levy also fired
Johnson & Johnson closing Israeli headquarters
All of pharmaceutical company's workers in country, including CEO, discharged after global firm decides to shut down all branches with sales of less than $50 million a year
The global Johnson & Johnson company has decided to close its headquarters in Israel
and dismiss its 20 workers, including brand and marketing managers. CEO Sharon Levy was also fired.
Calcalist has learned that the global company is in the process of closing branches worldwide with sales of less than $50 million.
The company's offices in Israel received the announcement of the shutdown last week, without any warning. The headquarters will be closed immediately. The company's CEO in Israel tried to fight the decision, to no avail.
The company informed all of its suppliers of the shutdown. The move was made as part of a gradual termination of the activities of all small offices in countries like the Czech Republic and Austria. These offices' activity will be run from now on by the headquarters in Switzerland.
Johnson & Johnson Consumer has been operating in Israel for the past 13 years. The Israel offices, which were in charge of managing and marketing the company's cosmetics brands, generated more than NIS 200 million (about $49.6 million) a year.
The products were distributed by the Schestowitz and New Pharm companies, which will continue to do so after the Israeli headquarters are closed.
