EMCC European Monitoring Centre on Change

Merck Sharp and Dohme (MSD)

Company/Organisation:
Merck Sharp and Dohme (MSD)

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21.1 - Manufacture of basic pharmaceutical products
Number Employed: 81000
Group: Merck Sharp and Dohme (MSD)

Employment Effects

Announcement Date: 01-10-2013
Planned Job Reductions min: 8500
Planned Job Reductions max: 8500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2013
Foreseen End Date: 31-12-2015

Additional Information

On 1 October 2013, the pharmaceutical group Merck announced its plan to reduce its global workforce by 8,500 positions by the end of 2015 in an attempt to cut costs. These job cuts will take place in addition to 7,500 redundancies currently underway. Together with the most recently announced job cuts, the company is planning to reduce its workforce by around 20%.

The company has not yet made a statement on where exactly the restructuring measures will be carried out. News reports, however, suggest that the company’s workforce is currently being reduced in Italy, where 243 staff is being made redundant.

Merck Sharp & Dohme (MSD) currently employs around 81,000 staff worldwide.