Merck Lays Off About 750 US Sales Representatives
Merck & Co. (MRK) has laid off about 750 U.S. sales representatives so far this year as part of a previously announced cost-cutting program designed to offset sluggish sales growth.
Many of the affected sales reps were notified earlier this year but some received notices Monday, said Merck spokeswoman Amy Rose.
The sales-force layoffs are part of the 7,200 positions company-wide that Merck announced in October it planned to eliminate by the end of 2011. Merck has about 55,000 employees worldwide.
Source: CNNMoney
~News submitted by upthecreek
