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Novartis cutting more jobs at East Hanover HQ (updated)
Swiss drugmaker Novartis will eliminate 76 jobs at its East Hanover headquarters as the company continues a global restructuring effort.
Merck restructures Human Health into 2 units
The pharma will split the division into one for oncology and another for Specialty, Pharma & Infectious Diseases, appointing new executives to support its expanding pipeline.
Rider University earns state approval amid recovery
Amid efforts to shore up its finances, the NJ SAA clearance preserving veteran education benefits comes ahead of a key accreditation review this spring.
STG Logistics files Chapter 11 bankruptcy
The New Jersey-born firm seeks to cut debt, raise up to $150 million in new capital and navigate a historic freight downturn.
TD Bank restructures regions, puts New Jersey in Mid-Atlantic
The Mount Laurel-based financial institution is realigning its Mid-South operations into two segments and has named two longtime bank executives to lead each metro.
Starbucks to close 5 New Jersey stores amid restructuring
The coffee giant will shutter locations nationwide that it deems fall short of the company’s standards or lack a path to financial performance.
CEO: Heights University Hospital may cut non-essential services
Dr. Nizar Kifaieh said the Jersey City facility will need to pursue such a plan if it is unable to secure state or government financial support.
Spirit Airlines files Chapter 11 bankruptcy – again
The company emerged from the previous process in March. However, "it has become clear that there is much more work to be done,” said Dave Davis, president and CEO.
Walmart to cut 187 more corporate jobs in Hoboken
The retail giant continues to restructure, with plans to eliminate another 187 positions this summer that will affect tech, e-commerce and advertising teams.
Rite Aid files for second bankruptcy in 18 months; will cut NJ, PA jobs (updated)
Since its initial Chapter 11 filing, the retail pharmacy has closed more than 500 pharmacies nationwide, including three dozen locations in New Jersey.
Bristol Myers Squibb kicks off $2B cost-cutting campaign
The move comes less than a year after the company attempted to save $1.5 billion through the layoff of some 2,200 employees.
