Jobs cut at Merck

August 1, 2011

PHARMACEUTICAL giant, Merck & Co has announced plans to cut 12,000 - 13,000 jobs by 2015 in a bid to save around $1.5b per annum. The cuts are to come on the back of 12,465 job losses last year. The news comes in tandem with its Q2 results which revealed $2.02b in company earnings, or 65 cents per share which was in line with expectations. The second quarter also saw the company’s revenue up 7% year on year, to $12.15 billion, a result which was higher than forecast.

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Pharmacy Daily | Jobs cut at Merck

Jobs cut at Merck

Other recent headlines

Mayne pushes Sun Pharma

Unscripted alcohol debate

LTR secures millions in capital raise

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES