GlaxoSmithKline to Cut 350 R&D Jobs

June 12, 2008
Cuts represent 2% of the R&D workforce

GlaxoSmithKline said June 12 it planned to cut 350 jobs in its research and development departments worldwide as part of a restructuring plan launched last October.

"We continue to reshape our R&D operations to take advantage of new scientific opportunities and improve GSK's productivity," a spokesman for the group said, saying the total cuts would be 2% of the R&D workforce or 350 jobs.

GlaxoSmithKline, the biggest British pharmaceutical company that employs 100,000 people, launched a cost-cutting plan last Ocotober aiming to save $1.4 billion annually from 2010.

Copyright Agence France-Presse, 2008

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!