News
December 5, 2014
Glaxo loses jobs, Camden gains a headquarters & sustainable offices evolve
GlaxoSmithKline’s looming job cuts
Earlier this fall it became known that GlaxoSmithKline, British drugmaker, was planning a restructuring of their U.S. operations over the next three years. GSK plans to eliminate $1.57 billion in annual expenses. Details began to surface early this week (read more on njbiz.com) and fears that some of the jobs located in the Parsippany office would be lost began to grow. Once Wednesday rolled around, GSK had announced that there would be significant (upwards of 900 jobs) cuts from North Carolina’s Research Triangle Park and consolidations would happen in Philadelphia offices, with no firm news on New Jersey jobs(details at philly.com).
Camden’s mystery company revealed
Monday morning brought us news from the New Jersey Economic Development Authority: $100 million more incentives and 1,000 jobs were heading to Camden. (full story at Philadelphia Business Journal) At the time, there was no official disclosure of what company would be creating those jobs, although there were suspicions about who it could be. Suspicions were confirmed today when Subaru announced that they would be moving to the Campbell Gateway district. (follow-up article from the Philadelphia Business Journal with new information)
Expanding definition of sustainability
Generally, when one thinks of sustainable practices in office buildings green roofs, rainwater collection and solar panels come to mind. While these are all helpful, companies are finding different ways to be more green. Wyndham Worldwide has a headquarters campus in Parsippany that is prime example on the evolution of a company’s sustainability policy. (learn about it on njbiz.com here)
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