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GSK cuts research jobs

GlaxoSmithKline says it's cutting 2 percent of 17,000 worldwide research jobs, including some in Upper Merion and Upper Providence, Montgomery County.

GlaxoSmithKline spokeswoman Melinda Stubbee, from London, confirms that GSK is giving notice this week to 350 of its 17,000 worldwide research staff, including scientists, in a bid to make R&D more efficient. Glaxo employs more than 5,000 at its Upper Merion and Collegeville research centers and its Philadelphia offices. Earlier, GSK layoff rumors on the investor-oriented Seeking Alpha blog

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