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Science Forum Index » Economy Forum » Merck to cut 10,300 positions...
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 Posted: Mon May 05, 2008 2:43 pm |
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This recession will be like no other in its ferocity.
Within 6 to 8 months, its impact will begin to be felt.
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Merck to cut 1,200 sales jobs following regulatory setback
Monday May 5, 6:01 pm ET
By Linda A. Johnson, AP Business Writer
Merck to cut 1,200 sales jobs following regulatory setback for
cholesterol drug
TRENTON, N.J. (AP) -- Merck & Co. said Monday it is eliminating 1,200
U.S. sales jobs, a move that comes a week after federal regulators'
surprise rejection of an experimental cholesterol drug heavily touted
by the pharmaceutical company.
The cuts come on top of the elimination of about 8,100 positions under
the sweeping restructuring plan announced in December 2005, Merck's so-
called Plan to Win. |
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| Stray Dog... |
| Posted: Mon May 05, 2008 3:56 pm |
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On May 5, 8:43 pm, visualseep... at (no spam) yahoo.com wrote:
Quote: This recession will be like no other in its ferocity.
You not only can't think but you don't know shit.
With unemployment in the USA running within one percent of historic
lows (4-5%) and, according to several articles in the WSJ, much if not
most of the financial markets stabilized (construction in trouble, but
exports up and tourism in the US at a peak) you make this claim
(above) on what? The "ferocity" of the Great Depression (1930a) was
25-30% unemployment in the USA. Back about 15-20 years ago we had the
worst unemployment at around 11-12% and, man, I'm telling you we have
a long way to go to get to 11-12%, and a lot farther to get to Great
Depression levels of unemployment.
Quote: Within 6 to 8 months, its impact will begin to be felt.
Well, the WSJ is a mainstream and highly rated piece of business media
and while the road ahead is not rosey, I see very little "crystal
ball" sights of major disaster.
You're going to have to do a lot better than that.
Quote: ----------
Merck to cut 1,200 sales jobs following regulatory setback
Monday May 5, 6:01 pm ET
By Linda A. Johnson, AP Business Writer
Merck to cut 1,200 sales jobs following regulatory setback for
cholesterol drug
TRENTON, N.J. (AP) -- Merck & Co. said Monday it is eliminating 1,200
U.S. sales jobs, a move that comes a week after federal regulators'
surprise rejection of an experimental cholesterol drug heavily touted
by the pharmaceutical company.
The cuts come on top of the elimination of about 8,100 positions under
the sweeping restructuring plan announced in December 2005, Merck's so-
called Plan to Win. |
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