Merck expects to cut 7,000 jobs, close 5 plants


Whitehouse Station, NJ —A restructuring plan at Merck & Co. Inc . is expected to eliminate 7,000 positions and result in the closing or selling of 5 of its 31 manufacturing facilities by the end of 2008. The company expects the initial phase of its cost reduction program to yield cumulative pretax savings of $3.5 to 4.0 billion from 2006 through 2010.

The program is designed to “reduce cost structure, increase efficiency, and enhance competitiveness,” and “is intended to create a leaner, most cost-effective and customer-focused manufacturing model over the next three years,” the company said in a formal statement. Jobs will be eliminated in manufacturing and other divisions worldwide, representing about 11% of its global workforce. About half of the reductions are expected to occur in the U.S. Merck intends to sell or close five facilities worldwide and reduce operations at a number of other sites.

—Control Engineering Daily News Desk
Jeanine Katzel, senior editor,

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
click me