Recent company layoffs - Schering-Plough

Jobs and WorkplaceUnemployment and LayoffsMerck & Company IncorporatedSchering Plough Corporation
Schering-Plough Corp. Announced: March 9 Number of layoffs: 16,000 jobs Reason for the cuts: Merck & Co. is buying Schering-Plough Corp. for $41.1 billion in a deal that gives Merck key new businesses, access to a promising pipeline of new products and the chance to cut costs by $3.5 billion... Daniel Hulshizer / Associated Press