24 February 2012 18:57 [Source: ICIS news]
LONDON (ICIS)--Merck KGaA will likely cut some jobs as it plans to become more efficient, the CEO of the Germany-based chemicals and pharmaceuticals firm said on Friday.
Karl-Ludwig Kley said that Merck's planned efficiency programme would cut across all of the company’s businesses and affect all regions.
Kley did not disclose financial details or how many jobs may be affected. The Darmstadt-based firm has a staff of more than 40,000 worldwide.
Kley said the programme would address “unprecedented market shifts, increasing competition in key product areas and existing inefficiencies in Merck’s organisation".
He added: “While it is regrettable, our preliminary analysis has shown that the overall purpose of our transformation programme, and the expected measures to realise it, may lead to workforce reductions across all businesses and regions.”
Merck has informed workers’ representatives of the planned measures, he said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections