GlaxoSmithKline to axe 850 R&D staff
UK-headquartered GlaxoSmithKline, the world's second largest drugmaker by sales, has announced plans to dramatically reduce its R&D head count, revealing that a total of about 850 jobs in the sector would go.
GSK, which has around15,000 R&D employees, including 5,000 in the UK across four sites near London and in Hertfordshire, said that jobs would go both at its home base and in the USA. A company spokesman said: "we believe these changes ae necessary as part GSK's longer-term strategy."
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