Newspapers / Daily Tar Heel (Chapel … / Jan. 18, 2000, edition 1 / Page 6
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6 Tuesday, January 18, 2000 Glaxo: RTP No Longer U.S. Headquarters Glaxo Wellcome's merger with Smith Kline Beecham will make it the world's largest pharmaceutical firm. Associated Press RESEARCH TRIANGLE PARK - Glaxo Wellcome's purchase of Smith Kline Beecham means North Carolina will no longer be Glaxo’s U.S. headquarters, but it will remain an important revenue generator for the combined company. The British parents of the two com panies announced Monday a long awaited $76 billion stock deal that would create Glaxo Smith Kline, the world’s largest pharmaceutical compa ny, with products from Aquafresh to Zvban. The combined company says it will retain Glaxo Wellcome’s Research * * r % eat ' cosmic menu sampling: various menu items jTjflv old school veggie bumto 2 fjjhiWj veggie burrito deluxe 4 chicken quesadiHa 4 4r .. .and more plus... 9 all mexican beers $2 . ONE COSMIC DOLLAR , ■ unfit 4 avnoa ouaisoo3no J % i Location, y. Location, V V Location | l > SB£l . T x 5 p n g TgHg|||& j£Bng9w p§ Tocuers. .life located on famous Franklin H is Luithin everything has even /fflv w fflil | Granville Towers A ft gtouuers@aol.com ll ■l—l ■. fl ft v uiujuu.granvilletouuers.com BZO.MSOO % I Triangle Park campus and Smith Kline Beecham facilities in Philadelphia and Pittsburgh. Executives announced the merged company’s U.S. headquarters will move to the New' York metro area. Many Glaxo RTP employees, some of whom worked for Burroughs Wellcome when it was taken over by Glaxo Inc. five years ago, are optimistic about this mega-merger. “It’s great. If it’s good for the busi ness, It’s good for me,” a female employee said while waiting for a light to change at Glaxo’s RTP campus entrance. She wouldn’t give a reporter her name. About 4,800 of Glaxo Wellcome’s 5,900 employees in North Carolina work at RTP; the rest are employed at Glaxo’s manufacturing plant in Zebulon, where products such as ulcer medication Zantac are produced. About 1,400 RTP employees work in corporate administration. The merger doesn’t necessarily mean they all will be cut or transferred, because the New York City-area headquarters will be rel atively small and serve as a coordinating center, Glaxo spokesman Rick Sluder said. The future of other administrative positions such as human resources and accounting is unclear, he said. Some cutbacks are expected from duplicate positions within the compa nies. Sluder refused to comment on a British newspaper report that the new company expects to cut 10 percent of its combined work force of 106,000 employees. Analysts said they expected any cutbacks to fall heaviest in the United Kingdom. “It’s premature to speculate on what size any of the operations will be,” Sluder said. “It may take weeks or months before a total is determined. But Sluder reaffirmed the companies’ commitment to RTP and Pennsylvania, saying the operations are “important for FOOD LION From Page 3 said he expected the opening of another Food Lion in Carrboro to close the Jones Ferry Road location. J ( \ I 1 tiaooilnlnuim order M ■ iKulnk. I TEXTBOOKS ONLINE. SAVE UP TO 40%. FREE SHIPPING! FOR $lO OFF** ENTER CODE #650169 AT PURCHASE CHECKOUT * Fr* shipping for a limited time on orders over $35. " * lO <*•' pl~ f=rt>njry 18.2000. e 2000 BIGWORDB, Inc. State a company in which it has almost half of its revenue originating in the U.S. mar ket.” Industry analyst Neil Sweik expects few job cuts in the companies’ research and development and pharmaceuticals sectors, which bodes well for Philadelphia and R TP. Glaxo research at R TP has been on the cutting edge for drugs related to AIDS, migraines and asthma. Smith Kline Beecham’s consumer health care operations are in Pittsburgh. “The U.S. accounts for 60 percent of company profits. It’s not an uncommon figure in this market, which is by far their largest sales market,” said Sweik, of Rvan, Beck & Cos. in New York. State Commerce Secretary Rick Carlisle said that while he wishes the combined company would keep ils U.S. headquarters here, “l don’t think people should assume it’s a negative for North Carolina.” “I’m surprised they didn’t close this one,” he said. “I’m really happy they remained here.” The City Editor can be reached at citydesk@unc.edu. SKATEBOARD From Page 3 ment,” he said. “Before, parks were playing music with foul language. Here, the kids are totally monitored and watched, and it makes parents comfort able to drop their kids off and leave.” Kids are not the only ones who fre quent the park. Kenny Hoff, a UNC graduate student, said he often came to ihe park to in-line skate. “It’s fun just to meet new people around here,” he said. “Once in a while l come out with people from my Department of Computer Science.” Wes Jordan, a freshman at Orange High School, said that before the park opened, he and his friends had no place to skate without receiving complaints from Chapel Hill merchants and police. “T his place gives us a break because cops would hassle us elsewhere,” he said. “Before when we were going to the UNC campus and around downtown, we would get kicked out by store own ers who were afraid we’d hit a car.” Chapel Hill police and area mer chants said they had been looking for WARN From Page 3 directly, it had a part to play. “Our ultimate goal is to generate suf licient public awareness to persuade (Tljp oatly (Far Hrrl ward to the opening of the park, which they hoped would alleviate the number of skateboarders in commercial areas. Jay Turner, president of the Skateboarding Association of America and owner of a similar park in Clearwater, Fla., said Ryan’s World measured up well in comparison to other skate parks. “I’ve skated a lot of parks, and this one looks good,” he said. “It has a nice set-up and is well-built.” Turner, whose organization sponsors contests along the East Coast, said skate boarding was starting to receive nation al attention. “It’s finally getting the respect that’s needed,” he said. Noel said the park was planning to hold at least eight amateur skateboard ing and in-line skating contests a year. A professional in-line skating event has already been scheduled for Apr. 29. Noel said the park was not a finished product because batting cages would soon be added, making the park a mar quee attraction. “I’ve decided just to go all out,” he said. “When we’re done, it will be a mega park for the kids.” The City Editor can be reached at citydesk@unc.edu. CP&L to spend a little bit more money for a far safer plan,” he said. “We are intent on persuading them that the pub lie really cares about this issue.” The City Editor can be reached at citydesk@unc.edu.
Daily Tar Heel (Chapel Hill, N.C.)
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