merckSPmerger - pharmaceutical employees may lose their...

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Enormous Job Losses Since 2007, approximately 80,000 pharmaceutical jobs have been eliminated Typically, to avoid law suits and possible discrimination claims, most companies will layoff a mixture of experienced and entry level employees that cover the racial, religious and age spectra
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Employees Merck currently employs 55,200 workers Schering-Plough currently employs about 55,000 workers Over 100,000 employees combined worldwide
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Bad News for New Jersey A company spokesperson acknowledged that the size of the combined workforce will be reduced by approximately 15%- 20% over the next year or so This means that as many as 20,000
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Unformatted text preview: pharmaceutical employees may lose their jobs High Anxiety Merck employees are already on edge because of surprise layoffs that occurred in early September, 2008 Employee anxiety will be extremely high at both companies for the foreseeable future Synergy at what cost? The merging of two struggling and oversized pharmaceutical companies can not possibly result in the creation of a single successful one The only positive aspect of the deal is that it allows the newly-formed company to restructure operations, and eliminate tens of thousands of jobs...
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merckSPmerger - pharmaceutical employees may lose their...

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