Tag: Employment Impact
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Merck’s Decision to Close London Research Centre: Impacts on UK Life Sciences
Overview of Merck’s Recent Decision The US pharmaceutical giant Merck has made a significant announcement that has sent shockwaves through the UK life sciences industry. The company has decided to scrap its ambitious £1 billion research centre project in London, which was anticipated to be a cornerstone of its European operations. Along with this drastic…
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The Impact of Tariffs: First Notices of Short-Time Work Announced and Approved
In a notable development in response to the recent changes in U.S. tariffs, several Swiss companies have begun issuing preliminary notices indicating a shift to reduced working hours, a strategy aimed at mitigating the potential impact on their workforce. According to the State Secretariat for Economic Affairs (Seco), as many as 916 employees could be…