Industry / United States
Merck & Co Announces Further Round Of Restructuring
October 2008 | Company News AlertMerck & Co has announced another wave of job cuts in response to declining profits. By 2012, Merck will eliminate 7,200 positions including 400 vacancies, or 12% of its global workforce. Around 40% of job cuts will occur in the US, while R&D sites in Tsukuba, Japan, and Pomezia, Italy, will be closed by the end on 2009. Merck's profits fell 28% to US$1.09bn in Q308 from US$1.52bn in the same quarter last
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