Labor & Economic News Blog
Monday, November 28, 2005
Merck to Cut 7,000 Jobs by End of 2008The embattled drugmaker Merck & Co. said Monday that it will cut about 7,000 jobs, or 11 percent of its work force, and will close or sell five of its 31 manufacturing plants by the end of 2008 in moves that it says will save up to $4 billion.
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