|
Go To |
Headquarters: Website: http://www.merck.com Merck is the world's top pharmaceutical and research company. Merck discovers, develops, manufactures and markets vaccines and medicines in more than 20 therapeutic categories found in 140 countries. The company's top products include: Zetia, which helps reduce cholesterol; Januvia, which treats Type 2 diabetes; Cozaar, used for treating high blood pressure; Singulair, which treats asthma and allergies; Propecia, which helps treat male hair loss. The company acquired Schering Plough in Dec. 2009 for $41 billion. As part of the first phase of its Merger Restructuring Program, Merck expects to reduce its total workforce by 15 percent across all areas of the combined company by 2010. The company also plans to eliminate approximately 2,500 vacant positions as part of the first phase of the program. The reductions will primarily come from the elimination of duplicative positions in sales, administrative and headquarters organizations, as well as from the consolidation of certain manufacturing facilities and research and development operations. Merck said that certain actions, such as the ongoing reevaluation of manufacturing and research and development facilities worldwide, have not yet been completed, but will be included later this year in other phases of the Merger Restructuring Program. Merck said it will continue to hire new employees in strategic growth areas of the business throughout this period. In 2009, Merck reported revenues of $27.4 billion with net income of $13.0 billion. The company spent $5.8 billion on research and development last year. History Established in 1891 by George Merck, the company started off as a fine chemicals supplier. Merck & Co., Inc began its pharmaceutical research in the early 1930's. The merger with Sharp & Dohme to create Merck Sharp & Dohme (MSD) in 1953 established a solid foundation for a fully integrated, multi-national producer and distributor of pharmaceutical products. Merck & Co., Inc acquired Medco Containment Services, Inc. in 1993, the leading pharmacy benefits management company in the United States. Medco was spun off as an independent company in 2003. Benefits - Competitive Base Salary A Flexible Benefits package including: Updated February 17, 2010 |