When is the next restructure?

different times and pressure to cut costs, don't be so sure they won't

 

Anyone hearing a big announcement tomorrow?

 

yes, this is floating through the MMD and MRL areas as well. something very significant, exactly what it is not certain.

 

Merger ?

 

If you don’t know what’s happening you must live under a rock. You’ll have some of the details tomorrow but it’s going to be a doozie...

 

Tomorrow it happens. Gen med spinoff subsidiary

 

Yeah yeah yeah, tomorrow’s the big day, I am not holding my breath, I’ll check in on Friday to see where you guys are at ha ha Ha

 

Yeah blah blah blah tomorrow... sure, I’m holding my breath.

 

No bullshit. You can’t make this stuff up. Good luck to all. I wish my younger colleagues all the best and I really mean that. I’ll be fine as I have almost 30 years in this crazy place and have saved, invested wisely and thank Merck for the generous benefits package.

 

Press release on new co has been released.

 

Just women’s health & biosims ? Diabetes as well ?

 

Guessing the spinoff will result in layoffs - anyone have insight ?

 

Of course there will be some layoffs. Everything that we do will be under a microscope for the next few months as they evaluate efficiencies and redundancies. We should be prepared.

 

Can you be forced to take a position with the New Co. or would you have the option of a severance ?

 

Generally speaking, if you are offered a job then severance is not available, although geographic considerations come into play, I.e. they can place you x miles away from where you live...

 

What if position is not exactly equivalent? Big territory, travel, etc ?

 

You can breath now, it happened as the PPs said it would!

 

You are not getting a choice nor will you get a severance, management will make the decisions based on what makes sense for the two companies. You can either live with it or resign. Between 10-11k people moving over, you really think they intent to give individuals an option??

 

Ok I was nailed, so was JC

 

Cardio