In the news: GSK China plans 1,000 layoffs, the CBRC announces restructuring and eight companies begin credit reporting

This week GlaxoSmithKline's China operations faced internal reorganisation, the CBRC began restructuring to regulate trusts and the PBOC picked companies like Alibaba to prepare credit reporting operations

4 minute readJanuary 27, 2015 at 04:13 AM

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GSK China to lay off 1,000 employees

GlaxoSmithKline's China operations is planning to lay off up to 1,000 employees this year as it deals with a sales slump after last year's bribery scandal, according to sources close

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