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 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
4,000 jobs Number of planned job losses
Announcement Date
4 February 2010
Employment effect (start)
Foreseen end date
Description
Glaxo Smith Kline, a British multinational company that operates in the pharmaceutical sector, is to cut 4,000 jobs worldwide. The job-cuts will affect research units in Italy, United Kingdom, Croatia, Poland and Canada. The company announced a cost-saving plan that envisages the closure of its research units engaged in neuroscience research. As of February 2010, there is no confirmed information about the timeline but the measure will probably be implemented in the second half of 2010.
Glaxo has around 103,000 employees worldwide.
Sources
5 February 2010: La Repubblica
5 February 2010: Il corriere della sera
5 February 2010: Reuters
Citation
Eurofound (2010), Glaxo Smith Kline, Internal restructuring in World, factsheet number 70147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70147.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
