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Thursday, January 24, 2008

Layoffs to begin in April at GlaxoSmithKline plant


BRISTOL, Tenn. (Map, News) - GlaxoSmithKline company officials say they will begin laying off all 236 workers at its pharmaceutical plant in Bristol, Tennessee, in April.

Layoffs are scheduled to begin April 7 and be completed by October 31, 2009.

Company officials say between 20 and 30 people will be leaving in April and the rest will be phased out depending on volumes.

The company originally announced plans to shutter its 400,000-square-foot plant in 2006, citing declining sales of its signature penicillin drug, Augmentin.

Sales of Augmentin have declined by about 70 percent since 2003, when the company lost patent protection and began facing greater competition from generic brands.

At its peak, the plant employed more than 400 workers.

Nothing to do with the shit yourself thin disaster, Alli then? Or nothing to do with sales of Seroxat/Paxil which have fallen dramatically? Or maybe Avandia is the cause of GSK having to lay off?

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