GSK to axe U.S. jobs as part of $1.6 billion cost cuts: sources

LONDON (Reuters) - GlaxoSmithKline will this week inform U.S. staff of hundreds of job cuts in its biggest market as the drugmaker starts implementing a major cost-saving program, sources familiar with the matter said on Sunday.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/UkI33yBKBG4/story01.htm