UK: GlaxoSmithKline to cut jobs - report

By just-drinks.com editorial team | 2 February 2009

GlaxoSmithKline, the pharmaceutical giant that owns soft drink Ribena, is preparing to announce thousands of job cuts in the UK, according to reports.

GlaxoSmithKline (GSK) is set to announced cuts, possibly up to 6,000 globally, when the UK-listed firm reports its full-year results on Thursday (5 February), according to reports.

A spokesperson for the group could not be reached at its London headquarters today (2 February).

GSK, which employs around 18,000 people in the UK, announced a restructuring initiative in 2007, largely concerning its mainstay pharmaceutical business.

The group last year launched Ribena 100% Pure Juices on the UK market, extending the popular blackcurrant drink brand.

Sectors: Soft drinks