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Business
GSK To Shutter French R&D Site
by Marc S. Reisch
October 5, 2015
| A version of this story appeared in
Volume 93, Issue 39
GlaxoSmithKline plans to close an R&D site employing 70 people just outside of Paris. The move is part of an effort the firm revealed last year to save $1.6 billion by consolidating most R&D operations to sites in Stevenage, England, and Philadelphia. GSK says it will look for a pharmaceutical buyer for the site near Paris in an effort to preserve jobs. Despite the R&D cutback, GSK says it plans to bolster French employment through 2016 by about 300 jobs at the three manufacturing sites it operates in the country.
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