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-   -   Merck Serono layoffs - up to 900 redundancies in Geneva (https://www.englishforum.ch/swiss-politics-news/144602-merck-serono-layoffs-up-900-redundancies-geneva.html)

JBZ86 24.04.2012 18:57

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Those stock options and bonuses were never going to be sustainable

Wollishofener 24.04.2012 21:59

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by fatmanfilms (Post 1544079)
It's been common knowledge for a long time, hardly a mega surprise as the CHF is so high.......
Trying to earn a living in the film business over the last 5 years has been like hitting your head against a brick wall, they can go to London, Paris or Munich for 60% of the overall cost, why use people living in CH.

-
Merck according to news on Swiss TV had to decide between Darmstadt and Geneva and as a German company decided in favour of the German place. Looks as if the only remaining place on the Lake of Geneva is a production facility in Aubonne.

Quote:

Originally Posted by Mowvich (Post 1544379)
UPDATE

From todays article, MS is totally closing Geneva site....1300 employees off :(

http://www.tdg.ch/geneve/actu-genevo...story/13912171

Indeed. Interesting for experts will be what competitioners will try to capture laid off people. I suppose that many who got the invitation to move to Darmstadt or Boston will leave the company. A good chance for interested companies in the Geneva region to hire qualified personnel.

paysdoufs 25.04.2012 00:42

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by Wollishofener (Post 1544906)
-
I suppose that many who got the invitation to move to Darmstadt or Boston will leave the company. A good chance for interested companies in the Geneva region to hire qualified personnel.

AFAIK, many of the "good ones" were already headhunted and left MS over the last couple of months (when the situation already degraded: cladribine, cryptic communications, hiring freeze...)

As to your second remark: There simply is no life science company in Romandie that could possibly absorb a couple hundred of these layoffs...

Wollishofener 25.04.2012 01:39

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by paysdoufs (Post 1545032)
AFAIK, many of the "good ones" were already headhunted and left MS over the last couple of months (when the situation already degraded: cladribine, cryptic communications, hiring freeze...)

As to your second remark: There simply is no life science company in Romandie that could possibly absorb a couple hundred of these layoffs...

A) I am sorry but I as most people in the "Suisse Alémanique" were not aware of how lousy off Serono-Merck apparently was
B) when Swissair broke down, hundreds of former Swissair folks were taken over by other sectors, mostly of the transport industry, and when the banks reduced their workforce, companies related to financial services including insurance-companies rushed to capture the "redundant" people
B-2) when thinking about chemical industries in the Romandie, I admittedly find it difficult to name companies, but I can imagine that companies like Givaudan and Nestlé and many smaller companies in the region may appreciate a situation where they can practically "pick" new employees. Back to the example above, many Swissair folks found work in companies with less than a dozen employees
B-3) let's realize that Merck-Serono leaves facilities and personnel behind. I have just checked the locations of M-S International and two facilities of Merck-Serono SA, which all three are in tremendous places

Shorrick Mk2 25.04.2012 07:48

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by Wollishofener (Post 1545039)
B-2) when thinking about chemical industries in the Romandie, I admittedly find it difficult to name companies, but I can imagine that companies like Givaudan and Nestlé and many smaller companies in the region may appreciate a situation where they can practically "pick" new employees. Back to the example above, many Swissair folks found work in companies with less than a dozen employees

Stop imagining. Nobody is hiring in life sciences (or related industries).

Dack Rambo 25.04.2012 08:55

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by Wollishofener (Post 1545039)
I have just checked the locations of M-S International and two facilities of Merck-Serono SA, which all three are in tremendous places

ideal locations for more UN bureaucrats

Anjela 25.04.2012 10:31

Re: Merck Serono layoffs
 
Quote:

Originally Posted by flavio (Post 1544761)
On everyone yes, on research not.
Trend in big Pharma: Joint Venture with (or buy) smaller & leaner researchers.
More bang for the buck with independent research.

Hubbie's in research, so the above just isn't not true.

It might be OK for the young bloods with no family, able to up sticks and move to the States or Germany, but for those of us who are at the stage of 'coasting' towards what was supposed to be a well-earned retirement it's cataclysmic.

Dack Rambo 25.04.2012 10:45

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Being unemployed is difficult to deal with. Will any counseling be on offer to help laid off workers cope with their new situation?

Anjela 25.04.2012 12:09

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by Dack Rambo (Post 1545205)
Being unemployed is difficult to deal with. Will any counseling be on offer to help laid off workers cope with their new situation?

In theory they're bringing in councellors and psychologists for a couple of weeks, although how helpful they'll be remains to be seen. Too many at one time. A really bitter pill is that many of us have already been through this with first Bio-gen, then Glaxo.

There are a lot of older people involved who'll be 'un-employable'; too old, un-willing or un-able to move due to family commitments. Also younger ones who've just settled their families into Geneva life and in many cases have bought houses recently.
Everyone was lead to believe that there would be some lay-offs as the company was streamlined (120-130), not this. However a few suspicions had been raised by the number of higher placed rats who'd deserted the ship over the past year.

Russkov 25.04.2012 12:11

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Bon courage to Anjela and everyone involved. This is just terrible.

KeinFranzösisch 25.04.2012 12:27

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by Shorrick Mk2 (Post 1545061)
Stop imagining. Nobody is hiring in life sciences (or related industries).

...and I wish folks would cease from calling these industries in CH "Life Sciences" because they're not that broad. They're very narrowly focused and the interest is only chemical and molecular.

As an ecologist, it was pissing me off to no end when headhunters were calling me up and trying to pigeon hole me to go work at Novartis or Roche because I had a "Life Science" degree. Um... yes... but not that kind.

But... true... nobody is hiring in Life Sciences. When it comes down to it, they all place much more value on an MBA than they do an MSc.

paysdoufs 25.04.2012 13:35

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by KeinFranzösisch (Post 1545304)
...and I wish folks would cease from calling these industries in CH "Life Sciences" because they're not that broad. They're very narrowly focused and the interest is only chemical and molecular.

As an ecologist, it was pissing me off to no end when headhunters were calling me up and trying to pigeon hole me to go work at Novartis or Roche because I had a "Life Science" degree. Um... yes... but not that kind.

But... true... nobody is hiring in Life Sciences. When it comes down to it, they all place much more value on an MBA than they do an MSc.

I'm not sure what your comment is supposed to add to the discussion, but:

- Everyone in this industry, i.e. worldwide, has adopted the term "life science"; feel free to use "biomedical" if this pleases you better...

- As an ecologist, you might one day, in hindsight, consider yourself lucky that headhunters actually called you up to offer you a job in industry; except if your objective has always been to become a state-employed civil servant (which includes university).

- For research, life science companies tend to consider a PhD to be the minimum admission ticket. So these are the people you are competing with when you only hold a miserable (Sorry...) MSc!

- However, having a MBA as well might help since there are not so many PhD-MBA around (or MSc-MBA, for that matter).

Moralité: Be careful when judging things you do not know well... :rolleyes:

paysdoufs 25.04.2012 13:39

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
The press suggests that Merck, when acquiring Serono in 2006, has negotiated tax breaks with the GVA government for a 5-year period.

2006 + 5 = 2011... :rolleyes: Can anyone offer any insight into this?

If it is true, than it should make some "décideurs" in GVA realize that just offering tax breaks is not enough to compensate all the "cons" that speak against GVA (cost of living, housing, traffic, subliminal xenophobia...)

Dack Rambo 25.04.2012 13:47

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Geneva is overcrowded and too expensive, this is a separate issue though to the troubles faced by those who will be laid off.

KeinFranzösisch 25.04.2012 13:54

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by paysdoufs (Post 1545390)
- As an ecologist, you might one day, in hindsight, consider yourself lucky that headhunters actually called you up to offer you a job in industry; except if your objective has always been to become a state-employed civil servant (which includes university).

Do you look down your nose at public service?

paysdoufs 25.04.2012 16:12

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by KeinFranzösisch (Post 1545416)
Do you look down your nose at public service?

Nope. But I found that your post was conveying its fair share of condescendence towards the private sector.

Still: No value creation in the private sector, no money for public services. Plain simple. Unfortunately, even high-ranked politicians in GVA tend to forget this simple rule...

@Wollishofener (point A): I do not believe that the Merck group is worse off than other big pharma. It's just that the pressure on publicly listed pharma companies continues to be tremendous. Investors seem to have troubles to accept that within the given macroeconomic environment a 20% return (ROS) is not sustainable for big pharma. But we'll probably eventually get there and a return of 10-15% will be considered fine.

danny 25.04.2012 17:18

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by KeinFranzösisch (Post 1545304)
...and I wish folks would cease from calling these industries in CH "Life Sciences" because they're not that broad. They're very narrowly focused and the interest is only chemical and molecular.

As an ecologist, it was pissing me off to no end when headhunters were calling me up and trying to pigeon hole me to go work at Novartis or Roche because I had a "Life Science" degree. Um... yes... but not that kind.

But... true... nobody is hiring in Life Sciences. When it comes down to it, they all place much more value on an MBA than they do an MSc.


really ? I thought pharma is always hiring if you look at the job boards, especially in the area of research. Too few scientists, too many MBA's.

danny 25.04.2012 17:21

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by Anjela (Post 1545282)
In theory they're bringing in councellors and psychologists for a couple of weeks, although how helpful they'll be remains to be seen. Too many at one time. A really bitter pill is that many of us have already been through this with first Bio-gen, then Glaxo.

There are a lot of older people involved who'll be 'un-employable'; too old, un-willing or un-able to move due to family commitments. Also younger ones who've just settled their families into Geneva life and in many cases have bought houses recently.
Everyone was lead to believe that there would be some lay-offs as the company was streamlined (120-130), not this. However a few suspicions had been raised by the number of higher placed rats who'd deserted the ship over the past year.

Biogen and Glaxo ? When did they go through a similar thing ? Geneva is more of an expat town, so am not sure about how many families have 'settled' there, except for the folks born and raised there of course.

danny 25.04.2012 17:24

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by paysdoufs (Post 1545390)
I'm not sure what your comment is supposed to add to the discussion, but:

- Everyone in this industry, i.e. worldwide, has adopted the term "life science"; feel free to use "biomedical" if this pleases you better...

- As an ecologist, you might one day, in hindsight, consider yourself lucky that headhunters actually called you up to offer you a job in industry; except if your objective has always been to become a state-employed civil servant (which includes university).

- For research, life science companies tend to consider a PhD to be the minimum admission ticket. So these are the people you are competing with when you only hold a miserable (Sorry...) MSc!

- However, having a MBA as well might help since there are not so many PhD-MBA around (or MSc-MBA, for that matter).

Moralité: Be careful when judging things you do not know well... :rolleyes:

Absolutely these days the PhD is the minimum admission ticket, I can confirm that for research jobs. MBA's are a dime a dozen.

Anjela 25.04.2012 18:27

Re: Merck Serono layoffs - up to 900 redundancies in Geneva
 
Quote:

Originally Posted by danny (Post 1545625)
Biogen and Glaxo ? When did they go through a similar thing ? Geneva is more of an expat town, so am not sure about how many families have 'settled' there, except for the folks born and raised there of course.

Yupe, been there, went through the whole process. Twice.
Biogen was sold to Glaxo about 25 years ago I think, then the Glaxo close-down was about 14-15 years ago; they closed the whole site, swore blind there was no chance at all of them selling.... and then sold the Geneva branch lock, stock and barrel to Serono a couple of months later.
I know a LOT of british and american families (amongst other nationalities) who've moved here and settled long-term; not only in pharmacuticals, but academia as well. They may not stay as long as we have, but a lot of them for ten years or more.


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