http://money.cnn.com/2008/09/19/news/companies/bc.apfn.schering.plough.layoffs.ap/index.htm?postversion=2008091914
NEW YORK (AP) -- Schering-Plough Corp. says it will cut 1,000 sales jobs as part of broader cuts in a move to reduce costs and reposition itself in an ever-changing industry.
The company says it will cut 1,000 U.S. sales force jobs, leaving 4,000 positions. The layoffs come on top of a 10% reduction in staff announced in April. In all, the company hopes cost cuts and layoffs since the company bought biotechnology company Organon Biosciences in November will save it $1.5 billion annually.
-In response to this news article, I can say that Schering-Plough Corp. is not being morally ethical in their decision to cut 1000 sales jobs to reduce costs and save tons of money. What is good for the company is not always morally ethical. This decision is completely legal but ovbiously morally wrong. This company is unconcerned with what is morally ethical(right/wrong), and only cares about profit cutting costs.
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-In response to this news article, I can say that Schering-Plough Corp. is not being morally ethical in their decision to cut 1000 sales jobs to reduce costs and save tons of money. What is good for the company is not always morally ethical. This decision is completely legal but ovbiously morally wrong. This company is unconcerned with what is morally ethical(right/wrong), and only cares about profit cutting costs.
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