EMCC European Monitoring Centre on Change

Glaxo Smith Kline

Company/Organisation:
Glaxo Smith Kline

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
Number Employed: 103000

Employment Effects

Announcement Date: 04-02-2010
Planned Job Reductions min: 4000
Planned Job Reductions max: 4000
Type of Restructuring: Internal restructuring

Additional Information

Glaxo Smith Kline, a British multinational company that operates in the pharmaceutical sector, is to cut 4,000 jobs worldwide. The job-cuts will affect research units in Italy, United Kingdom, Croatia, Poland and Canada. The company announced a cost-saving plan that envisages the closure of its research units engaged in neuroscience research. As of February 2010, there is no confirmed information about the timeline but the measure will probably be implemented in the second half of 2010.
Glaxo has around 103,000 employees worldwide.