World's largest drugmaker to make massive cuts

REASEARCH TRIANGLE PARK The United Kingdom-based pharmaceutical company and world's largest drugmaker has a facility in the Research Triangle Park.

It is not known if those workers will be affected.

According to published reports, a company spokesperson would only say the company is implementing an ongoing restructuring program.

Glaxo attributes the slowing development pipeline of products and competition from cheap, generic manufactures as reasons for the cuts.

The company is due to release its fourth-quarter results Thursday and has not commented publicly about the impending cuts.

Copyright © 2023 WTVD-TV. All Rights Reserved.