Merck plans 5,100 job cuts by year-end
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Merck &amp; Co. plans to cut its workforce by 5,100 jobs by the end of the year--about 700 more than originally planned. Whitehouse Station, NJ-based Merck said in materials filed with the Securities and Exchange
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Switzerland's Novartis AG will slash 2.5 percent of its global workforce, aiming for annual savings of $1.6 billion in 2010, becoming the latest major drugmaker to undertake a deep restructuring.
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Drug wholesaler Cardinal Health Inc. (CAH.N: Quote, Profile, Research) said on Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 facilities
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IMS Health Inc  said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.
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Drug wholesaler Cardinal Health Inc. Monday set a three-year restructuring plan that involves cutting jobs, closing 25 facilities and buying back $500 million in stock.
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By David Ranii, The News & Observer, Raleigh, N.C.  Dec. 15--Pharmaceutical giant Merck & Co. said it is creating 50 to 60 more jobs and investing about $100 million more than originally planned at its still-under-construction manufacturing complex in Durham.
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The British oil giant said it would cut an additional 5,000 jobs by the middle of next year in an effort to slim management and make the company more efficient.
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Merck & Co. Inc. MRK.N will increase  the number of jobs cut to 5,100 by year end, up from an  original target of 4,400 because its earnings have been hurt by  the withdrawal of its arthritis drug Vioxx.
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The newspaper will bow to growing financial strain and cut 100 newsroom jobs this year, primarily through attrition and buyouts, the executive editor said.
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Drug wholesaler Cardinal Health Inc. (CAH) on Monday set a restructuring plan that involves cutting 4,200 jobs, or 7 percent of its work force, and closing 25 facilities around the world.
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Eli Lilly and Co. LLY.N said  Thursday it plans to cut 575 jobs, or a little more than 2  percent of its U.S. workforce, in a move to streamline its  operations.
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Merck &amp; Co. CEO Ray Gilmartin said the embattled drugmaker will &quot;absolutely survive&quot; the fallout caused by its decision to pull the arthritis drug Vioxx off the
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Merck &amp; Co. has adopted a severance plan that offers some executives one-time payments of up to triple their salary plus other perks if the troubled pharmaceutical giant is acquired and they lose their jobs.
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Merck &amp; Co. said it&#39;s withdrawing its Vioxx painkiller, which generated $2.5 billion in worldwide sales last year, because of data showing an increased risk of heart attack and stroke.
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Swiss drugmaker Novartis said Thursday it plans to cut 2,500 jobs in a restructuring programme aimed at generating yearly cost savings of 1.6 billion dollars (1.1 billion euros).
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Under a plan recently passed by Merck &amp; Co. Inc.âs board of directors, members of the firmâs management committee and the companyâs vice president-level managers may be compensated with severance packages
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Airbus plans to cut 5,000 jobs and  axe another 5,000 filled by contractors, bringing total job  cuts in its plants to 10,000 while limiting the impact on its  own workforce, industry sources said on Tuesday.