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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gsk Plc | LSE:GSK | London | Ordinary Share | GB00BN7SWP63 | ORD 31 1/4P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 0.29% | 1,733.50 | 1,732.50 | 1,733.00 | 1,739.50 | 1,724.50 | 1,733.00 | 4,237,056 | 16:35:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Pharmaceutical Preparations | 30.33B | 4.93B | 1.1970 | 14.48 | 71.35B |
From May 2021 to May 2024
By Cecilia Butini
Several hundred workers at GlaxoSmithKline's U.K. operations have voted to strike in response to a company-proposed pay rise which is considered unfavorable given the current inflation rate, a union representing the workers said Wednesday.
The union, known as Unite, said that 86% of GlaxoSmithKline members voted in favor of the strike, and that the decision is a first in the company's history.
According to the union, GlaxoSmithKline's offer for a 2.75% pay rise equals a pay cut for the workforce, given that the true rate of inflation stands at 9%. It hailed the offer as "derisory" and said the company now has 48 hours to make an improved offer, or the strike will be announced.
In response, the company said it actually offered a 4% increase in addition to a 2% one-off award and an annual bonus, and that 2.75% referred to an opening offer it made months ago.
"We are disappointed that the Unite union has taken the decision to strike, but remain committed to working with them to find a solution," GlaxoSmithKline said in a statement.
According to the company, about 430 workers voted for strike action, out of 700 Unite members. Total U.K. employees number about 13,000, according to the company.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
April 20, 2022 12:46 ET (16:46 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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