GSK shuts down 60-year-old facility in Bangladesh

Jul 30, 2018

GlaxoSmithKline has closed shop at an aging facility in Bangladesh, triggering layoffs for about 1,000 employees.

The company said the nearly 60-year-old plant in Fouzderhat has been operating at a loss for years, partly due to competition from generics and low-cost medicine imports from China. It is also equipped with outdated machinery.

“GSK was struggling to maintain its global standard at the factory,” a director of the company’s board reportedly stated. 

Around 500 employees protested upon receiving the news. The company stated that it would provide support to the employees during the transition. 

Last year, the company announced plans to rework operations in emerging markets. 

Read the full Daily Star report.

 

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