Consumer Products Layoffs

Discussion in 'Merck' started by Anonymous, Feb 18, 2014 at 12:44 PM.

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  1. Anonymous

    Anonymous Guest

    great way to spin something out of nothing. marketing people
     

  2. Anonymous

    Anonymous Guest

    Maybe getting rid of some employees is not such a bad idea after all.
     
  3. Anonymous

    Anonymous Guest

    Impossible to grow under Frazier Rule while he banks 15 MM annual salary!
    Do you smell the GREED?!?
     
  4. Anonymous

    Anonymous Guest

    Hey 21, is that you Willie?
     
  5. Anonymous

    Anonymous Guest

    Mandatory meetings this Friday, must be in the office. Chop, chop.
     
  6. Anonymous

    Anonymous Guest

    Back to the topic at hand.....any updates on the sale of consumer products, the timing of announcements regarding the fate of consumer products employees and / or the layoffs?
     
  7. Anonymous

    Anonymous Guest

    Between now and the start of May. Watch this Thursday closely - no guarantees but a lot of noise about 4/16.
     
  8. Anonymous

    Anonymous Guest

    yeah hearing that too. SLEEPY HOLLOW COMING TO CH!!!!!! we will be just a third party contractor soon. been good yall. see ya in the next life!!!!
     
  9. Anonymous

    Anonymous Guest

    Merck is having no layoffs. All on hold until new owner takes over. Merck employees who are not wanted by the new owners or who will not relocate will get the Merck severance.
     
  10. Anonymous

    Anonymous Guest

    That's when the final offers are due - not when Kenny will announce who won the auction. The lawyers and bankers have to massage the deal after that, probably a couple months before the rank and file are told, which will happen by press release. Don't get your hopes up for April 17 knowing anything.

    Unless you want to know that Reckitt Benkiser is going to be the new owner. But you didn't hear that here.
     
  11. Anonymous

    Anonymous Guest

    I'm pretty sure you've forgotten who runs this show. As a publicly traded company the minute we go into serious talks with anyone it gets filed and released to the press. We are days, if not hours, from that announcement. The employees will not be told if they have a job or not for months, yes, that's true. The rest will come out much sooner.
     
  12. Anonymous

    Anonymous Guest

    Stringing out the announcements will create a very treacherous environment. That should be seriously re-thought.
     
  13. Anonymous

    Anonymous Guest

    Talking about treacherous environments,
    will the selling spree end with sale of Consumer? Maybe not.
    MRK may continue to spin off more pieces, or even look at strategic options, like selling itself.
    Why?
    Merck's April 14, 2014 SEC Proxy filing shows the large financial incentives to top mgt. if a Change of Control were to occur.
     
  14. Anonymous

    Anonymous Guest

    That is natural. There is a great chance they will get cut. They need a few million or more if that happen. They should maintain the same quality of life if that happens. It's not like they were doing anything wrong. Just bad timing.
     
  15. Anonymous

    Anonymous Guest

    It may be "natural" for top executives to seek large severance provisions in case of future change in control, but it also may influence or cloud top mgt's thinking when considering the best course for the company in its field of peers, vs. themselves, especially as top mgt. ages.

    One does not have to look far in industry to see where past mergers have reduced competition, jobs opportunities, benefits, increased offshoring, and in effect yielded a race to the bottom when overly generous change in control provisions may have incentivized top mgt's thinking and actions.
     
  16. Anonymous

    Anonymous Guest

    Layoffs all over Consumer this week - why let the new owner have all the fun!?!? Willie D and Rog are in the lead for downsizers of the year, but percentage wise, watch out for Bridgette "Helter Skelter" Heller this spring. She make take the crown.
     
  17. Anonymous

    Anonymous Guest

    what layoffs none yet
     
  18. Anonymous

    Anonymous Guest

    No so fast. I heard the last CFO got whacked for over valuing OTC Division. It's no way near $15-20 billion - more like $6 billion. Rumor has it is that only an asset swap would make sense.
    It's very likely that OTC will remain under Merck for a while more.
     
  19. Anonymous

    Anonymous Guest

    Go check today's business news. No swap - Novartis sold its AH division to Lily this morning for a smidge more than $5B. More action from either company is pretty unlikely.
     
  20. Anonymous

    Anonymous Guest

    Oh, and I forgot to mention Novartis and GSK also announce a consumer joint venture in the same announcement.

    Merck is so far out in the cold at this point there will only be a straight up spin or sale.