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.
South East; Berkshire; Buckinghamshire and Oxfordshire
Location of affected unit(s)
Maidenhead
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
New offshoring locations
Various EU Locations
287 jobs Number of planned job losses
Announcement Date
24 June 2008
Employment effect (start)
24 June 2008
Foreseen end date
30 December 2010
Description
Pharmaceutical giant GlaxoSmithKline has announced that it is to cut 287 jobs (60% of its workforce) in Maidenhead by the end of 2010. Staff at the site were told that production would be moved to Eastern Europe. The company has blamed the job cuts on the loss of some patents and on increased competition. The site is not unionised so consultation has begun with employee representatives. The company announced that it would do everything it could to assist employees affected by the job losses.
Sources
24 June 2008: BBC Website
Citation
Eurofound (2008), Glaxo Smith Kline, Offshoring/Delocalisation in United Kingdom, factsheet number 66807, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66807.
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