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GSK Bristol Layoffs Planned For April

GlaxoSmithKline officials say they will lay off all 236 workers at its pharmaceutical plant in Bristol, Tenn., beginning in April.

BRISTOL, Tenn. (AP) — GlaxoSmithKline company officials say they will begin laying off all 236 workers at its pharmaceutical plant in Bristol in April.
 
Layoffs are scheduled to begin April 7 and be completed by Oct. 31, 2009.
 
Company officials say between 20 and 30 people will be leaving in April and the rest will be phased out depending on volumes.
 
The company originally announced plans to shutter its 400,000-square-foot plant in 2006, citing declining sales of its signature penicillin drug, Augmentin.
 
Sales of Augmentin have declined by about 70 percent since 2003, when the company lost patent protection and began facing greater competition from generic brands.
 
At its peak, the plant employed more than 400 workers.
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