Drugs giant GlaxoSmithKline is expected to announce plans to slash up to 4,000 jobs this week as part of its ongoing restructuring.
Cheap lace front wigsIt is thought the majority of the cuts will be made to its European and US workforce, as the group shifts its focus to emerging markets, according to The Sunday Times.
The group, which employs 99,000 staff across the world, is trying to find Pounds 1.7 billion of annual cost savings by replica breitling the end of 2011, and improve the efficiency of its research and development arm.
It is also shifting its focus away from low growth markets in the West to emerging ones, such as China, where there is greater potential to expand sales, as well as developing its consumer products division.
Glaxo is expected to announce the planned job cuts alongside its full-year results on Thursday, when it is
embroidered patches thought the group will report a return to annual profits growth, following an 11 per cent fall during the previous financial year.
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