Merck has released details of its post-Schering-Plough integration plans, announcing closures of eight manufacturing and eight R&D sites around the world, along with consolidation of office facilities. Overall, the company expects to reduce its workforce by 15% during the initial phase of the restructuring. Merck’s target for post-merger annual savings is $3.5 billion by 2012. This round of the program will account for $2.7 to $3.1 billion of that goal, while non-restructuring-relat...