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GSK Reportedly To Lay Off 1,000 In China

 
• By Brian Yang

After a stormy year in China, GSK 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.

BEIJING – GlaxoSmithKline PLC is in the process of downsizing its operations in China with plans to let go roughly 1,000 people, local media have reported.

The plans include the laying off of 450 people in the first quarter and more in the second quarter, noted...

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