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GLAXOSMITHKLINE - Division Sale
22/09/2003
GLAXOSMITHKLINE, the pharmaceuticals giant, has set aside £1 million to sweeten the drawn-out sale of its 500-employee manufacturing facility in Montrose. The money is earmarked for range of back-to-work initiatives for redundant staff. A deal to sell the plant to Akzo Nobel, the Dutch chemicals group, fell through at the end of March this year. Any buyer will be handed a long-term contract to make ingredients for eight GSK products which is enough to sustain 260 staff.
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