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Merck to Cut More Jobs; Profits Fall

12:00 PM MST | November 10, 2008 | Deepti Ramesh

Merck & Co. says that it plans to reduce its global workforce by 12%, eliminating about 7,200 positions, including 6,800 active employees and 400 vacancies, by the end of 2011. Nearly 40% of the reductions will occur in the U.S., Merck says. The company...

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