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GSK Reportedly To Lay Off 1,000 In China

 
• By Brian Yang

After a stormy year in China, GlaxoSmithKline has gone through major changes including the global transfer of its oncology assets to Novartis. But the underlying broader reasons for the company's newly reported layoffs in China could be more deep-rooted and far-reaching.

After a stormy year in China, GlaxoSmithKline has gone through major changes including the global transfer of its oncology assets to Novartis. But the underlying broader reasons for the company's newly reported layoffs in China could be more deep-rooted and far-reaching.

GSK is in the process of downsizing its operations in China with plans to let go roughly 1,000 people, local...

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