GSK to cut 850 more research jobs
Wednesday 01 October 2008
The UK's biggest drug maker, GlaxoSmithKline, said yesterday that it is axing as many as 850 jobs in its British and US research and development units. The cuts, intended to improve productivity, are in addition to the 350 loses announced in June.
"Following a recent review of business operations, we have started consultation on proposals which could impact 850 roles in the UK and the US. It has been difficult to arrive at these proposals, but we believe these changes are necessary as part of GSK's longer-term strategy" a spokesperson said.
GSK is undertaking a review of its entire business, which was first announced at the end of 2007. The group hopes to save £700m by 2010, including £350m by the end of next year.
The spokesperson said that it is unclear at this stage how many jobs would be lost in the UK.
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 1 Are you turning into your dad? The top ten signs you've embraced dad-ism revealed as survey says 38 is age men turn into their father
- 2 Overheard in Waitrose: documenting the chatter in 'Britain's poshest supermarket'
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Grace Dent on TV: Game of Thrones has jumped the shark
iJobs Money & Business
£150.00 per week: QA Apprenticeships: This company has been providing on site ...
£221.25 per week: QA Apprenticeships: This company is a well established Inter...
£40000 - £50000 per annum: Harrington Starr: Client Relationship Manager - SQL...
£35000 - £50000 per annum: Pro-Recruitment Group: Take your chance to join the...