Schering-Plough to cut 20 percent of US sales force as part of restructuring plan
Schering-Plough Corp. said that it plans to cut 20 percent of its US sales force by October 1 as part of a previously disclosed restructuring plan.
Merck & Co. is buying Schering-Plough Corp. for US$41.1 billion in a deal that gives Merck key new businesses, access to a promising pipeline of new products and the chance to further cut costs, including eliminating about 16,000 jobs.