Volume 90 Issue 10 | p. 16 | Concentrates
Issue Date: March 5, 2012

Merck KGaA Launches Efficiency Program

Department: Business
Keywords: reorganization, specialty chemicals, employment

Germany’s Merck is planning a company-wide cost-cutting and growth program. The two-phase program is designed to address marketplace shifts and increasing competition while freeing up resources for investment. The drug and specialty chemical maker is setting up a streamlined leadership team that will implement efficiency measures and develop a long-term growth strategy over two years. A second phase will focus on exploiting new growth opportunities. Merck says it will consult with employee groups before it specifies job cuts, which are expected across all businesses and regions.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment