Merck Sharp & Dome Closing Costa
Rica Plant
Merck Sharp & Dome, (MSD, the international developer, manufacturer
and distributor of pharmaceuticals, in an effort to reduce costs has
announced the decision to close its Costa Rica operation, putting
104 people of of work.
The company said it will be shutting down its Pavas plant by the end
of 2009.
However, the company will continue to keep a presence in Costa Rica,
maintaining its "Mercadeo y Ventas" (Marketing and Sales) division
open, providing support for its products.
The production work in Costa Rica will be moved to other plants,
though the company did not give specifics.
The closure is part of the company's restructuring, closing down
plants in various countries, including the United States.
Livia Cruz, manager of the MSD plant in Costa Rica, said the
decision to close was not an easy one, for months the company has
been looking at its organizational structure and the closure is part
of the company's strategy to stay competitive.
The company is expected to provide the employees an attractive
financial package to ease the financial strain and will start
packing up for its move beginning in the last quarter of the year.
The company stresses that the Costa Rica closure, as well as the
other closures, is not due to the world economic crisis, but rather,
a decision after three years of analysis and evaluation of the
company's operations. |
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