Merck to cut another 8,500 jobs, bringing workforce reduction to about 20 pct

  • Article by: TOM MURPHY , Associated Press
  • Updated: October 1, 2013 - 4:05 PM

Merck & Co. plans to cut another 8,500 jobs as the drugmaker continues its struggle with competition from cheaper generic medications that have squeezed the pharmaceutical industry for several quarters now.

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