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GlaxoSmithKline (GSK) (JOBS) Set to Slash 4,000 Jobs; Pharmaceutical Giant Pushes Into Emerging Markets as it Squeezes Costs in the West


1/31/2010 12:24:30 PM

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Times Online UK -- BRITAIN’s biggest drugs company, Glaxo Smith Kline, is to axe up to 4,000 more jobs as part of its plans to restructure its workforce and focus increasingly on emerging markets. The bulk of the cuts will be in America and Europe, and are part of the company’s efforts to shift resources away from low-growth territories into parts of the world with greater scope to expand sales.

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