
Pharma Business - October 4, 2013
Merck to cut 8,500 more jobs
Merck & Co plans to cut another 8,500 jobs. Merck expects to realize $1 billion by the end of 2014. Most of savings are expected to come from marketing and administrative expenses and research and development. Company shares rose $1.13, or 2.4 percent, to close at $48.74. Merck’s stock is up about 19 percent this […]