The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.3 - Manufacture Of Wiring And Wiring Devices
100 jobs Number of planned job losses
Announcement Date
1 March 2024
Employment effect (start)
1 March 2024
Foreseen end date
31 December 2025
Description
As announced on 1 March 2024, the German pharmaceutical and technology company Merck will be cutting 100 jobs at its headquarters in Darmstadt until the end of 2025 due to internal restructuring.
The reduction is part of a worldwide restructuring of the company’s electronics division affecting 230 employees. In November 2023, Merck announced that it intends to reduce costs in its electronics division by €90 million.
According to a company’s spokesperson, management and works’ council have now agreed to a social plan which intends to find socially acceptable solutions for affected employees as well as the possibility of an alternative internal placement.
In 2023, Merck already announced two saving packages including 200 job cuts in its pharmaceutical division as well as 550 cuts in IT, sales, human resources and its legal division (Merck 2023 - DE).
Eurofound (2024), Merck, Internal restructuring in Germany, factsheet number 200920, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200920.
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