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 21.1 - Manufacture of basic pharmaceutical products
270 jobs Number of planned job losses
Announcement Date
3 December 2015
Employment effect (start)
3 December 2015
Foreseen end date
31 December 2017
Description
UK-based pharmaceuticals company GlaxoSmithKline's (GSK) will cut 1,500 out of 15,500 jobs worldwide by the end of 2017 including 270 jobs in Germany. The company announced that 270 out of 1,230 jobs will be cut at its production site in Marburg. This represents 20% of all full time jobs at this site. According to the company, this is due to the integration of the vaccine range of its Swiss competitor Novartis into its portfolio which became necessary due to a previous business transfer. The job cuts form part of a wider austerity programme within the GSK group.
GlaxoSmithKline (GSK) is a British multinational pharmaceutical company headquartered in Brentford, London. The company has a total of 5 sites in Germany. Currently, the company employs 15,500 staff worldwide.
Sources
3 December 2015: Focus Online
2 December 2015: Hinterländer Anzeiger Online
Citation
Eurofound (2015), GlaxoSmithKline (GSK), Internal restructuring in Germany, factsheet number 86012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86012.
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