Are GSK about to shed between 6,000 and 10,000 more jobs?

GlaxoSmithKline is set to axe thousands of jobs when it announces its full-year results this week, it has been reported.

The pharmaceuticals company is thought to be planning a worldwide employee cut, potentially including some UK staff, as the industry faces growing challenges from cheap generic medicines, according to reports in Sunday newspapers.

One report suggests as many as 6,000 staff across the globe could be affected, while another paper put the figure at around 10,000, or 10 per cent of Glaxo's workforce.

More