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Month: October 2013

Merck Looks to Streamline R&D

Last Tuesday, Drug maker Merck announced that it will lay off thousands of employees.  Merck plans on cutting 8,500 jobs, which is in addition to the 7,500 job cuts that were previously announced.  The company explains that these job cuts are a part of “a global initiative to sharpen its commercial and research and development (R&D) focus.”  In addition to these job cuts, Merck also announced that it will move its global headquarters from Whitehouse Station, New Jersey to Kenilworth, New Jersey.