Drugs giant GlaxoSmithKline is set to announce thousands of job cuts as it faces increasing competition from generic drug makers, according to British reports.
More than 6,000 jobs are set to go according to reports in The Observer, The Sunday Times and The Telegraph.
A spokesman for the company could not confirm or deny the reports, saying simply that Glaxo "was in the middle of a restructuring programme".
The company employs about 100,000 people across the world, including New Zealand.
The company is suffering from increased competition from cheaper, generic drugs as patent protection runs out on a number of its household drugs.
The "restructuring programme", designed to cut costs and boost profits, was announced in October 2007.
