Update: Market Chatter: GSK Plans Up to 1,217 Job Cuts in Belgium

08:56 AM EDT, 10/14/2026 (MT Newswires) -- (Updates with statement from GSK in third paragraph.) GSK (GSK) is planning up to 1,217 job cuts in Belgium, according to a Google-translated version of a Wednesday report by local newspaper L'Echo. The company has reportedly detailed the plans to unions, while labor negotiations will follow to minimize the number of affected employees. In an emailed statement to MT Newswires, a GSK spokesperson said the proposed changes were part of a three-year global plan "to simplify our organization and re-allocate capital and resources towards our promising late-stage pipeline of new medicines and vaccines, and R&D". (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)