NEW YORK (Reuters) - Merck & Co plans to slash thousands more jobs by late 2015 to wring out additional annual cost savings of up to $1.5 billion that can be plowed back into research and deal making.
The No. 2 U.S. drugmaker cut a net 6,500 jobs last year, reducing its workforce to 91,000 employees as of June 30.
The company, which also reported quarterly earnings in line with forecasts, said on Friday it would reduce its workforce by an additional 12 percent to 13 percent from the 100,000 employees it had at the end of 2009 after buying Schering-Plough Corp.
via news.yahoo.com
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