Merck Laying Off 150 Workers at North Carolina Site

Merck will cut 150 jobs at its North Carolina site in May after Gardasil sales fell. The move follows changes to vaccine schedules and lower demand in China.

Xurve View
Insights:

Merck & Co., Inc. is set to reduce its workforce by approximately 150 employees at a manufacturing facility in North Carolina. The site is responsible for producing Gardasil, the company's vaccine against human papillomavirus (HPV). This decision follows a significant downturn in global sales for the product, which was previously considered a primary growth engine for the pharmaceutical giant.

The Merck logo displayed at the entrance of the company's campus in Rahway, New Jersey. REUTERS/Brendan McDermid/File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.