GSK to Announce Restructuring, Hundreds of Layoffs

Dec 01, 2014

Bloomberg

According to a Bloomberg article, London-based GlaxoSmithKline Plc (GSK) is planning a reorganization that would include hundreds of job cuts in the United States.

The company could announce the restructuring as soon as this week, sources say. Deirdre Connelly, president of North American operations, is scheduled to speak to U.S. employees on Dec. 3, the article says.

Glaxo said in October it will cut costs by $1.57 billion over three years, with half the savings coming in 2016. Read the Bloomberg story

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments