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Merck announces 7,000 layoffs—continued attack on jobs and wages in US
by wsws (reposted)
The pharmaceutical company Merck announced on November 28 that it would lay off 7,000 workers over the next three years, closing down 5 of its 31 production plants. The cuts, half of which will be in the US, represent more than 10 percent of the company’s global workforce. The move is only the latest in a series of announcements of layoffs and wage cutting at major American companies.

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