pharmaceuticals firm merck announces job cuts
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

pharmaceuticals firm Merck announces job cuts

Arab Today, arab today

Arab Today, arab today pharmaceuticals firm Merck announces job cuts

Berlin - DW

German chemicals and pharmaceuticals company Merck has announced that its massive restructuring program will also involve laying off over 1,000 employees in Germany. The firm is struggling to increase profitability. The DAX-listed chemicals and pharmaceuticals company, which has a total domestic workforce of 10,900, added that the staff reductions would be carried out in a socially responsible manner and be completed by the end of 2015. "The positions will be reduced mainly through voluntary resignation and early retirement schemes across all divisions and functions", the firm said in a statement. The Darmstadt-based company stated, though, that it was still in the process of evaluating whether some of its German locations needed to be closed down, following a series of setbacks in the liquid crystals market. Positive outlook But Merck's restructuring drive will also include investments of 250 million euros ($315.3 million) in Germany alone over the next couple of years and global investments of 600 million euros in its pharmaceutics branch Merck Serono by 2014. Merck had earlier raised its forecast for full-year revenues despite a difficult business environment and fierce competition with Bayer, its main rival in Germany. It said it was counting on total 2012 revenues of 10.7 billion euros, compared to earlier estimates of 10.5 billion euros. Merck added it expected markets for innovative biopharmaceuticals and over-the-counter preparations to grow, mostly driven by increasing demand in emerging markets.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pharmaceuticals firm merck announces job cuts pharmaceuticals firm merck announces job cuts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

pharmaceuticals firm merck announces job cuts pharmaceuticals firm merck announces job cuts

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 12:31 2017 Thursday ,02 November

Gala Dinner Wednesday 8 November, 7.30pm

GMT 13:44 2018 Tuesday ,23 January

Ibrahim meets UNIFIL Commander

GMT 04:23 2017 Saturday ,30 December

Iraq faces 'new war' - on corruption

GMT 13:20 2017 Friday ,29 December

PML-N achieved milestone with inauguration of Hazara

GMT 14:30 2017 Wednesday ,08 March

China’s FX reserves rebound above $3tr

GMT 02:59 2017 Thursday ,12 January

Emirates challenging us for future A380 version

GMT 05:23 2017 Thursday ,10 August

UAE in talks to facilitate air transport with India

GMT 00:43 2016 Thursday ,18 August

Kenya wins East Africa military games

GMT 06:16 2017 Thursday ,16 March

Partnership between Dams Implementation Unit,

GMT 02:08 2017 Tuesday ,12 September

Saudi Airline says US laptop ban lifted

GMT 11:59 2017 Tuesday ,25 April

PSG, Monaco renew battle in French Cup semi-final

GMT 21:24 2017 Thursday ,30 November

Governor of Makkah meets UAE Ambassador
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday