Details of Merck Serono Efficiency Program Announced
Merck has announced details of its planned cost efficiencies for Merck Serono.
Merck has announced details of its planned cost efficiencies for Merck Serono. The details are part of the Group’s previously announced plan to transform the company through a comprehensive efficiency program.
Merck expects to focus primarily on organizational changes and optimizing its cost structure across all businesses over the next two years. The aim of the program is to make Merck more competitive by closing the gap of its divisional profitability and efficiency levels compared to its peers. Merck will not consider major portfolio divestments or transformational acquisitions prior to completing the efficiency program. Instead, it will exploit its leading market positions to optimize organic sales growth, while continuing to complete bolt-on acquisitions.
Karl-Ludwig Kley,
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