Human Genome Sciences Inc., which was acquired for $3.6 billion by London-based GlaxoSmithKline Plc in August, intends to lay off 97 employees in mid-December, and an additional but unspecified number of cuts are planned for next year, the company warned Maryland labor regulators this week.
The Rockville-based biopharmaceuticals company, which employed as many as 1,000 people up until the acquisition, is in the process of integrating with GSK, a spokesman said.
Previously, the company disclosed in September it would cut 114 positions by the end of this month. A third round of cuts are planned for early next year, but the company did not disclose a precise figure to the Maryland Department of Labor, Licensing and Regulation, which tracks mass layoffs among employers in the state.
Distributed by MCT Information Services
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Human Genome Sciences Plans to Lay Off 97 People
Oct. 18, 2012
Gus G. Sentementes, The Baltimore Sun
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Source: (c) 2012 The Baltimore Sun
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