GlaxoSmithKline (GSK) says it will close its main research and development hub in Stevenage as part of a broader restructuring that includes opening a new site in Cambridge. Multiple outlets report that the change affects roughly 1,800 staff currently based in Stevenage. The company links the relocation to strengthening its medicines pipeline and to concentrating activities within the UK’s life sciences cluster around Cambridge. The BBC reports that around 1,000 staff are expected to be placed at the new Cambridge location, describing it as being at the “heart” of the UK’s life sciences “Golden Triangle.” The Financial Times adds that GSK is also announcing a major cost-saving drive, with the restructuring described in connection with planned savings and operational changes totaling £1.9bn. While the reports focus on workforce impacts and the shift of R&D activity to Cambridge, they also present the move as part of GSK’s strategy to align research capabilities with future growth areas.
GSK to close Stevenage R&D hub and expand operations in Cambridge
GlaxoSmithKline (GSK) says it will close its main research and development hub in Stevenage as part of a broader restructuring that includes opening a new site in Cambridge. Multiple outlets report th...
- GSK plans to close its main R&D hub in Stevenage.
- GSK plans to open or expand an R&D site in Cambridge.
- The closures and relocation affect about 1,800 staff currently in Stevenage.
- Around 1,000 staff are expected to move to or be based in Cambridge.
- GSK describes the plans as part of a wider cost-saving drive, reported as £1.9bn.
GSK says the relocation will put 1,000 staff at the "heart of the UK's life sciences Golden Triangle".
1 hour agoThe move will impact around 1,800 staff currently based in Stevenage.
3 hours agoUK drugmaker hopes new Cambridge site will bolster pipelines of medicines
3 hours agoThe move will impact around 1,800 staff currently based in Stevenage.
3 hours ago
Uganda declares latest Ebola outbreak over after last patient is discharged
Uganda declares itself free of Ebola following the discharge of the last reported patient from the country. Multiple out...
Colonel Sanders’ personal items and former home listed for public auction
Colonel Sanders’ personal items and a former home and restaurant associated with him are being offered for public auctio...
Police discover remains of five infants at couple’s home in Orange, southern France
French police launch an investigation after discovering the remains of five infants at the home of a couple in Orange, a...