Merck Serono targets €300m savings
This article was originally published in Scrip
Executive Summary
Merck KGaA is aiming to achieve net cost savings of €300 million by 2014, for total one-off costs of €600 million. The company said that eliminating the Geneva headquarters and R&D hub of its largest division, Merck Serono, would provide a large proportion of those savings, but reiterated that its efficiency plan would affect all divisions in all regions.