Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Merck trims operations post-merger

This article was originally published in The Tan Sheet

Executive Summary

Merck plans to phase out operations at eight research and eight manufacturing sites as part of its goal to wring $3.5 billion in annual cost savings from its acquisition of Schering-Plough by 2012. In a July 8 release, Merck said the changes position the firm to "invest in key areas for future growth," including consumer care. The firm originally expected to cut about 15,000 jobs in the initial restructuring phase; it employed 100,000 as of December 2009. Merck expects the manufacturing and research cuts to save $2.7 billion to $3.1 billion by 2012. The $3.5 billion goal aligns with expectations provided in March 2009 when the firms announced the merger. The merger made Merck a competitor in the consumer products market with Schering OTC brands including MiraLAX laxative, Coppertone skin care, Afrin decongestant, Claritin allergy relief and Dr. Scholl's foot care products (1"The Tan Sheet" Feb. 22, 2010)

You may also be interested in...



Merck Appoints Consumer Head To Help Division Expand Globally

Merck appoints former Johnson & Johnson executive Bridgette Heller to steer its newly acquired consumer health division toward global expansion

US FDA Puts All China Drug Inspections On Hold Due To Coronavirus Outbreak

February and March inspections deferred unless any are deemed mission critical. China director remains behind as staff evacuate.

Colgate Was Drawn To Hello Products’ Youthful Lifestyle Branding, And Now It Has A CBD Line

Successfully acquired by Colgate-Palmolive on 31 January, Hello quickly made a statement with the launch of a CBD oral-care range and its first go at lip care, CBD Vegan Lip Balm. Available exclusively through Ulta Beauty, the CBD products have the potential to score well with younger consumers interested in natural ingredients, eco-friendly packaging and, of course, cannabis-based innovations.

Topics

UsernamePublicRestriction

Register

PS104293

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel