Glaxo Smith Kline Layoffs Job Cut: fires 6000 employees

Now, another pharma firm Glaxo Smith Kline, has decided to go for big round of Glaxo Smith Kline Lay offs or Glaxo Smith Kline Job Cuts. Unfortunately the situation is worsening further for all the sectors and Glaxo Smith Kline is feeling the heat. The economic crisis is hitting all sectors and all the sectors are getting affected.

How many employees may be fired by Glaxo Smith Kline layoffs?
The news is that around 6000 employees may be asked to leave their jobs at Glaxo Smith Kline. This will be a global layoff.

How many employees does Glaxo Smith Kline have?
There are about 100,000 total no. of Glaxo Smith Kline employees. Out of that, 18,000 are in Britain.

Which locations will be affected by the Glaxo Smith Kline Layoffs?
No information is available about specific locations, but it is learnt that the layoffs will be on a global basis.

Which plants or locations will be shut down by the Glaxo Smith Kline Layoffs?
No information is available on that.

How much savings can be made by Glaxo Smith Kline Layoffs?
No information is available on that.

When will the Glaxo Smith Kline layoffs happen
No information is available about the dates of Glaxo Smith Kline layoffs.

What are the primary reasons of Glaxo Smith Kline Layoffs
The worsening global economy means that there is a decline in sales and businesses and hence loss of revenue for Glaxo Smith Kline. These layoffs are being justified as preparation for a possible decline in revenue.

Any other news about Glaxo Smith Kline?
As per Times Online UK, chief executive Andrew Witty rethinks the company’s old strategy of spending heavily to develop blockbuster drugs for which it is often tricky to win regulatory clearance. Glaxo is already running a programme to trim £700m from its annual cost base between 2007 and 2010.
Let's hope that alternative jobs are available to the affected employees of Glaxo Smith Kline Layoffs Job Cut.