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Wednesday, June 11, 2008

Scientists at GSK expect layoffs

Source: News & Observer

Hundreds of highly paid GlaxoSmithKline scientists will find out today whether they still have jobs as the drug maker steps up a restructuring program it announced in October to counter slow sales.

A GSK spokeswoman acknowledged the job cuts but declined to provide details, except to say that employees will be notified this week and receive severance packages.

"There is a whole lot of reshuffling going on companywide," said Melinda Stubbee. "Unfortunately, as part of that process, jobs are going to be lost."

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