Friday, July 25, 2014

Sad Late Friday News: Merck To Lay Off 600 People -- In Montgomery County PA


Of course -- and naturally, as ever Ed Silverman at Pharmalot/WSJ had the item, and reaction from Merck first, while I was off the grid, yesterday.

Updated: 07.26.14 -- per an erstwhile anonymous commenter, below: ". . . .Unfortunately, a local story also calls out that 60% of the 8,500 cuts lie ahead in 2015, and hints that the 40% of that figure are not complete yet. . . ."

The fact that CafePharma has been abuzz about just such a sales force headcount reduction for weeks is decidedly cold comfort to the affected workers, and their families. Here's all the sad news, known to the moment, at least -- from Philly.com:

. . . .Merck & Co., which is reorganizing to slash $2.5 billion in costs and 8,500 workers, has informed Pennsylvania officials it will cut 600 jobs at facilities in North Wales and Lansdale.

The cuts were disclosed in an official notice posted on the state Department of Labor and Industry website. According to the notice, the effective date is Aug. 26. . . .


Our thoughts, prayers and meditations go with the affected families.

2 comments:

Anonymous said...

The local story is a bit more specific: http://www.philly.com/philly/business/20140726_Merck_to_cut_600_jobs_at_Montgomery_County_facilities.html

Unfortunately it also calls out that 60% of the 8,500 cuts lie ahead in 2015 and hints that the 40% of that figure are not complete yet.

Condor said...

Thanks -- added it as an update -- and. . . yours inspired the latest post.

Do stop back!

Namaste