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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