Merck Plans to Lay Off About 15% of Workers
By Admin | July 11th, 2010 | Category: Top Stories | No Comments »Natasha Singer New York Times 07/08/2010 The $41 billion merger last year of the drug giants Merck and Schering-Plough has a human cost for pharmaceutical industry employees. Merck plans to lay off about 15 percent of its work force — about 15,000 people — over the next two years as part of a global merger restructuring, according to an announcement the company issued on Thursday. Merck said it also planned to close eight research and eight manufacturing sites worldwide. The restructuring is expected to save [...]

