04 September 2012 11:01 [Source: ICIS news]
LONDON (ICIS)--Merck KGaA has announced plans to eliminate 1,100 jobs in Germany, the specialty chemicals and pharmaceuticals firm said on Tuesday.
Representing over 10% of its workforce in its home country, the positions are to be cut by the end of 2015, the company said.
The news follows an announcement in April that Merck plans to close plants in Geneva and Coinsins, Switzerland, in 2013 and 2014 respectively.
Merck announced its efficiency programme in February 2012, citing “unprecedented” market shifts, increasing competition in key product areas, and organisational inefficiencies.
The German and Swiss redundancies will not be the last of Merck’s efficiency measures, according to a company spokesperson, who declined to give a timeline for further announcements. The company has committed to avoid forced redundancies until the end of 2017, with the exception of potential site closures and transfers.
Merck also announced plans to invest €250m in its German operations, with a significant portion of the investment going to its Darmstadt headquarters.
($1 = €0.79)
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