Merck plan to cut 8,500 jobs
4 October 2013
Merck, the US pharmaceutical giant, is to cut a fifth of its workforce within two years in an attempt to reduce £1.5billion from its costs by 2015.
The company will reduce the number of employees by 8,500 out of a global total of 81,000 – a move in addition to the previously announced cuts of 7,500 jobs.
In a statement, the company said that the new cuts will enable them to “better allocate resources across the enterprise to those areas that present the highest-potential growth opportunities.”
Kenneth Frazier, Chairman & Chief Executive Officer, Merck, says: "These actions will make Merck a more competitive company, better positioned to drive innovation and to more effectively commercialise medicines and vaccines for the people who need them.
"Today’s announcement further underscores that we are committed to improving our performance in the short term while also investing for the long term to create value for patients, customers and shareholders."
Flexible Borer's FUSION Attendance Management System
If employees are asked to undertake different shifts or working patterns to the restructing of the company, then FUSION’s Time and Attendance System take this in their stride.
Our FUSION Time and Attendance systems deal with all clocking matters, from simple collection of employees' clocking data, through to job costing and extensive labour hours analysis. Many working patterns – flexi-time, night shifts and overtime are easily created with the software.