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Merck Announces its Plans to Invest US$1.12 billion at the Darmstadt Site until 2025

Introduction:

Merck Group announced its plans to invest US$1.12 billion in its Darmstadt site until 2025.

Features:

The aim of investing is to secure the future viability of company headquarters as a central science and technology hub and to further expand it.

The company management and employee representatives have likewise agreed to extend the employment guarantee until the end of 2025.

It also incorporates setting up a new Vocational and Advanced Training Center to provide qualification and advanced training among other programs to help employees transition into retirement.

This is in addition to its other Centers that encompass nearly five hundred employees in almost twenty-two vocational occupations to keep up with its continued requirement for trained workers.

The agreement on the future of the Darmstadt site is applicable until the end of 2025 for the roughly 11,000 employees of Merck KGaA in Darmstadt, Weiterstadt and Gernsheim.

It also encompasses the commitments on qualification and advanced training, for instance a new internal job placement office.

Moreover, the company management and employee representatives have agreed a voluntary leaver program and a bridge model for an early transition to retirement.

Specifications:

NameMerck Group Institute (HCI)
TypeConstruction
BudgetUS$1.12 billion
Parties InvolvedMerck Group
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