GSK to cut 12% of US sales force
UK drug major GlaxoSmithKline is to cut 12% of its US sales force as part of a scheme to save L700.0 million ($1.11 billion) a year by 2010, according to media reports. The UK firm is to eliminate 1,800 positions, some of which are vacant, moving some staff to its vaccines unit, for total lay-offs of around 1,000 employees. GSK will also re-organize its remaining workforce by treatment area, rather than by geographic region as before, in a bid to win over health care professionals.
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