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© alexey utemov dreamstime.com General | September 21, 2015

Global workforce reductions at Johnson Controls

Johnson Controls is planning to reduce its global salaried workforce by as many as 3'000 people, or 2.5% of total employees, through initiatives designed to deliver up to USD 250 million in annual cost savings. These actions will occur over the next two years.
In its third quarter earnings announcement, the company announced it was initiating a comprehensive cost saving program to address existing costs. Productivity improvements continue to be realized through the ongoing implementation of the Johnson Controls Operating System (JCOS) which is lowering annual operating expenses through standardization, simplification and waste reduction across the company.

"As we continually adapt to our changing business portfolio, there is significant opportunity across the company for us to reduce costs, simplify processes and increase our speed and agility," said Alex Molinaroli, chairman and CEO. "The steps we are taking now will enable a more competitive, sustainable cost structure for Johnson Controls as we continue to move the company forward."
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November 11 2018 12:47 pm V11.8.0-1