Merck, Even Pharmaceuticals Cutting Jobs

Merck & Co. Inc. may cut thousands of jobs and enact other changes as part of a major restructuring plan the pharmaceutical maker was expected to announce this week, according to a published report.

The Wall Street Journal, citing a person familiar with the matter, reported that the plan - expected to be announced this week - includes cuts in operations within and outside the United States and a tighter focus on certain disease-research areas. Last month, Merck cut 825 jobs worldwide.

Read more here and stay tuned.