The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
330 jobs Number of planned job losses
Announcement Date
22 February 2008
Employment effect (start)
22 February 2008
Foreseen end date
28 February 2010
Description
Pharmaceutical company GlaxoSmithKline has announced that it is to cut 330 jobs from its Ulverston factory over the next 2 years. The company cited the loss of patents on some products, the increasing costs of the site and its lack of competitiveness as reasons for the job cuts. It stated that the cuts were needed to ensure that the site remained competitive in the future. The trade union at the site UNITE are engaged in talks with management. They have said that it is a body blow to the local economy where no comparable manufacturing jobs are available.
Sources
22 February 2008: BBC Website
Citation
Eurofound (2008), Glaxo Smith Kline, Internal restructuring in United Kingdom, factsheet number 66331, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66331.
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