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Merck KGaA to Close Geneva Operations; Major Job Cuts Planned
5:54 AM MDT | April 24, 2012 | Natasha Alperowicz
Merck KGaA announced today that it will close the Merck Serono headquarters in Geneva as part of efficiency measures announced in February. Merck plans a workforce reduction across all global operations in Switzerland and intends to relocate some Geneva-based functions to existing locations in Germany the U.S. and China. Merck’s transformation program is focused on addressing unprecedented market shifts, increasing competition in key product areas and existing inefficiencies in its own organization, the company says. “The planned measures for...
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