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Meltdown: Thousands of jobs to go globally!

October 1, 2008

GSK to cut 1,000 R&D jobs

GlaxoSmithKline, Britian's largest pharmaceuticals firm, plans to axe almost 1,000 people at its American and British R&D units. The cuts are likely to improve productivity and save costs.

Image: The GlaxoSmithKline headquarters in west London. | Photograph: Odd Andersen/AFP/Getty Images

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