In a recent announcement to the public, Merck – a United States pharmaceutical giant – will be cutting 8,500 jobs as part of a business strategy to become more competitive in their field.
An article by CNN reports that Merck also plans to cut $2.5 billion from its annual operating costs by the year 2015. The first step, cutting 8,500 jobs, comes in addition to the previous 7,500 jobs that were cut in 2011 and 2012. ...
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