Merck KGaA (MKGAF.PK) CEO Karl-Ludwig Kley says the German pharmaceutical company will have to...

|About: Merck KGaA (MKGAF)|By:, SA News Editor

Merck KGaA (MKGAF.PK) CEO Karl-Ludwig Kley says the German pharmaceutical company will have to slash costs and cut staffing to stay competitive. During the savings initiative, Merck plans to hold back on making any major acquisitions in the space.