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Published on FiercePharma (http://www.fiercepharma.com)

Ailing GlaxSmithKline to axe 350 R&D workers

By maureen
Created Jun 12 2008 - 8:02am

In an effort to shake up an organization [1] that has produced few major advances recently, GlaxoSmithKline announced plans to axe 350 jobs in its R&D operations. The cuts--part of a major restructuring [1] announced last fall--will terminate staffers at three labs in the U.S., Italy and Germany. These layoffs reflect the CEO Andrew Witty's [1] strategic move to look outside the company for innovations in drug technology. Report [2]


Source URL:
http://www.fiercepharma.com/story/ailing-glaxsmithkline-axe-350-r-d-workers/2008-06-12