logo
Share SHARE
FONT-SIZE Plus   Neg

Merck KGaA Reveals Merck Serono Implementation Plans - Quick Facts

Merck KGaA (MKGAY.PK) announced efficiency measure plans relating to Merck Serono's operations in Switzerland as part of the comprehensive transformation program announced earlier. The planned measures include the closure of Merck Serono's headquarters in Geneva, workforce reductions and the redeployment of certain Switzerland-based functions to other Merck locations.

As a result, of the 1,250 current positions in Geneva more than 750 positions would be transferred. Further, Merck intends to reduce 500 positions in Geneva and 80 positions across the three Swiss-based manufacturing sites to create a leaner, more agile organization.

Following the closure of the consultation process with employees and review of its results, the company plans to start relocations and reductions of its workforce in the second half of 2012 and targets to fully implement the plan in the first half of 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
They say there's plenty of fish in the sea, but very few of them are as wealthy as these tycoons. May be they have been so busy building their empires they never had the time to stick with a perfect partner to build their family. This list of the richest singles is assorted — from a 34 year-old... Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
comments powered by Disqus
Follow RTT