Fears for jobs as drug giant cuts back £700m

A CLOUD is hanging over thousands of North workers after drug giant GlaxoSmithKline warned of plans to cut jobs as it battles to save £700m.

A CLOUD is hanging over thousands of North workers after drug giant GlaxoSmithKline warned of plans to cut jobs as it battles to save £700m.

The company, which has 2,200 staff at sites in Barnard Castle in County Durham and Ulverston in Cumbria, confirmed it would shut a number of factories as part of cost-cutting over the next three years.

The North plants have long been the major employers in the towns and any reduction of the workforce is likely to have serious effects in these rural communities.

But the company, which has 100,000 staff worldwide, said it was “inevitable” that some of its 22,000-strong UK workforce would be affected by could not say how many jobs were likely to go and which sites were under review.

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