Jan 22, 2015 07:48 PM

Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'

By staff reporter He Chunmei

(Beijing) – The China operations of GlaxoSmithKline will lay off around 1,000 employees in 2015, several sources close to the company say, as the British drug maker deals with a sales slump in the aftermath of a bribe scandal.

GlaxoSmithKline (China) Investment Co. Ltd. did not confirm it plans to lay off employees when it was contacted by Caixin. The firm said it would not downsize its teams and would employ more workers.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

SPONSORED

OR