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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Merck KGaA to Close Geneva Site; Major Job Cuts Planned
7:26 AM MDT | April 27, 2012 | —Natasha Alperowicz
Merck KGaA (Darmstadt, Germany) has announced plans to close the Geneva headquarters of the company’s Merck Serono business as part of efficiency measures announced in February. The move forms part of a program by Merck KGaA to cut jobs across all of its global operations in Switzerland. The company plans to relocate some Geneva-based functions to locations in Germany, the U.S., and China. The restructuring in Switzerland is designed to address unprecedented market shifts, increased competition in key product areas, and existing inefficiencies in the...
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