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Merck & Co to cut 15,000 jobs despite huge Q4 sales jump
16 February 2010
Simon Varcoe

Merck & Co has begun the first phase of a global restructuring programme, under which 15% of its total workforce will be axed.

The company hopes the initial phase of the programme will save it $2.6-3 billion annually by 2012, following the integration of Schering-Plough, which...



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