Advertisement
RayBiotech
RayBiotech

GSK slashes workforce

In another move to encourage innovation while trimming its research and development budget, pharmaceutical company GlaxoSmithKline has announced that it will cut two percent, or 350 jobs, from its global R&D staff, according to linkurl:__The Wall Street Journal__.;http://online.wsj.com/article/SB121318410957563897.html?mod=hps_us_at_glance_health "These changes are part of GSK's longer-term strategy to ensure that we invest in key areas of future growth and evolve our business to compete effect

By | June 11, 2008

In another move to encourage innovation while trimming its research and development budget, pharmaceutical company GlaxoSmithKline has announced that it will cut two percent, or 350 jobs, from its global R&D staff, according to linkurl:__The Wall Street Journal__.;http://online.wsj.com/article/SB121318410957563897.html?mod=hps_us_at_glance_health "These changes are part of GSK's longer-term strategy to ensure that we invest in key areas of future growth and evolve our business to compete effectively in what is a rapidly changing and challenging environment for pharmaceutical companies," a GSK spokesman told __The Wall Street Journal__. This news comes on the heels of an linkurl:announcement;http://www.the-scientist.com/blog/display/54738/ from GSK that it will be "more biotech-like," providing incentives and disincentives to researchers searching for marketable drug discoveries. Three GSK research labs, in the U.S., Britain and Italy, will be affected by the cuts, which are part of a GSK plan to save 1.37 billion a year by 2010.
Advertisement

Comments

Avatar of: Li Chen

Li Chen

Posts: 10

June 17, 2008

This is a reposition of GSK. What is the impact of this cut on its operations in the other regions, such as China and India?\n\nTo me, biotech is just a marketing tagger for the same product.

Follow The Scientist

icon-facebook icon-linkedin icon-twitter icon-vimeo icon-youtube
Advertisement

Stay Connected with The Scientist

  • icon-facebook The Scientist Magazine
  • icon-facebook The Scientist Careers
  • icon-facebook Neuroscience Research Techniques
  • icon-facebook Genetic Research Techniques
  • icon-facebook Cell Culture Techniques
  • icon-facebook Microbiology and Immunology
  • icon-facebook Cancer Research and Technology
  • icon-facebook Stem Cell and Regenerative Science
Advertisement
Hamamatsu
Hamamatsu
Advertisement
The Scientist
The Scientist
Life Technologies