GlaxoSmithKline to Cut About 650 U.S. Jobs -- Reuters
September 05 2018 - 8:22PM
Dow Jones News
-- GlaxoSmithKline PLC (GSK, GSK.LN) will cut about 650 jobs in
the U.S., Reuters reported Wednesday.
-- The company will reduce about 100 back-office positions each
in Philadelphia and Research Triangle Park, N.C., and 450 sales
representatives, Reuters reported.
-- In July, GSK announced a restructuring program aimed at
providing annual savings of 400 million pounds ($516.5 million) by
2021.
Full story at
www.reuters.com/article/us-gsk-layoffs-usa/drugmaker-gsk-to-eliminate-650-u-s-jobs-idUSKCN1LL33Y
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 05, 2018 20:07 ET (00:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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