Tight-lipped Merck KGaA to remedy 'inefficiency' before investing in growth
This article was originally published in Scrip
There was disappointment today for those who were hoping that during its annual results conference Merck KGaA would provide further details of the "efficiency measures" announced last month. The company remained tight-lipped about the two-year restructuring programme, which will involve yet to be defined "workforce reductions across all divisions and geographies" (scripintelligence.com, 24 February 2012). The company said it would not go into detail about these measures until it announced its first-quarter results on 15 May.