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Merck KGaA Confirms Restructuring Plan for Serono After Consulting Employees

6:45 AM MDT | June 20, 2012 | Ian Young

Merck KGaA says it has completed the Swiss consultation process for the recently announced restructuring of the company's Merck Serono division in Switzerland. The plan includes the closure of Merck Serono's Geneva headquarters and of the company's Coinsins production site. About 500 of the 1,250 jobs at the Geneva headquarters will be lost, and the rest will be transferred elsewhere. The initial restructuring proposal was presented by Merck Serono to employees on April 24, providing Switzerland-based employees with the opportunity to provide alternative...

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