Merck KGaA life sciences reorg will claim 200 jobs; Tesaro shares sink on new report discounting buyout talk
→ Merck KGaA is winnowing out 200 jobs over the next five years as it reorganizes its European life sciences business. The company is consolidating the manual filling and distribution of non-regulated laboratory chemicals and reagents in Schnelldorf, Germany while closing ops in Steinheim, Eppelheim, Hohenbrunn and Berlin. The reorg calls for an investment of €90 million in four sites in Germany, Switzerland and France.
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