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Glaxosmithkline Ends Operations In Nigeria, After 51 Years - Health (3) - Nairaland

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Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Orubebe01: 3:16pm On Aug 04, 2023
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Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Chucks13: 3:17pm On Aug 04, 2023
taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working

Abi you no dey feel am?

Read pls Read. Biko Read before talking Read!!!

2 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by ShaqFu: 3:17pm On Aug 04, 2023
This is it, one day you're gainfully employed, the next day, you're out, wondering what tha fvck just happened. 😟

2 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by taylor88(m): 3:17pm On Aug 04, 2023
Chucks13:


Read pls Read. Biko Read before talking Read!!!

I no go read
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Steinmann: 3:18pm On Aug 04, 2023
God save us from NEBUCHADNEZZAR
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by HNICEARTH: 3:18pm On Aug 04, 2023
mariahAngel:


But not harsh enough for sales.

Harshness has been transferred to 3rd party. Let him/her find a way to deal with it

1 Like

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by onoms4luv(m): 3:19pm On Aug 04, 2023
Wahala
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by izubext007: 3:19pm On Aug 04, 2023
SHARE for PDP/ OBASENJO, YARADUA, JONATHAN
LIKE for APC / BUHARI , TINUBU
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by tnerro1(m): 3:20pm On Aug 04, 2023
Bid them farewell, an opportunity for someone else to step in.

Two people dey for market dey sell the same goods, one dey complain say him no dey sell and him wan pack, the other dey pray make him neighbor pack so him fit expand him shop.

All na by grace oooo
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Dancebreaker: 3:20pm On Aug 04, 2023
phr0nesis:

That's because the cost of production in Nigeria is too much
Weaker Naira and inflation mean less purchasing power of average Nigerians because the rich and upper middle class go abroad for treatment.
Multinationals are accountable to global shareholders. Operations in increasingly impoverished climes are not profitable enough to remain. Simple economics.

2 Likes 1 Share

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by fergie001: 3:20pm On Aug 04, 2023
KingGeedorah:


No wonder, ventolin ihalers are scarce
Duodart too .......
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Quebec91(m): 3:21pm On Aug 04, 2023
Shut up 🀫
lekkan:
GSK end of operation will favour me and my family πŸ™πŸΎ
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by YouAreNobody: 3:21pm On Aug 04, 2023
casualobserver:
A whole GSK employs ionly 290 people? doesnt that show that they dont have much of an impact in the economy? Like Unilever a few weeks ago, the truth is much of their business has been taken over by domestic companies. In the case of GSK, much of their medicines are out of patent. Every dick and harry is manufacturing pain killers and generic anti-biotics, we see their adverts all the time on youtube or tv. people are complaining that Augmentin has gone up but Augmentin is merely a brand name for amoxicillin/clavulanate potassium, there are cheaper generic Amoxicilin in the market because they are out of patent. thats why they are leaving. they do not have enough drugs still under patent.


The departure of these companies is not neccesarily a statement on the state of Nigeria but more a statement of the inability of these companies to compete with cheaper local manufacturers.
You yourself know this thing you spewed is bunkum. Is 290 people not a lot? This doesn't even include the people indirectly employed by them. An international company just exited the country due to the harsh business environment and you're downplaying it like it's nothing. If 10 of them exit, how many will be left?

3 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Dancebreaker: 3:24pm On Aug 04, 2023
ShaqFu:
This is it, one day you're gainfully employed, the next day, you're out, wondering what tha fvck just happened. 😟
And they ask why do gainfully employed people japa.

Quality control and production managers at GSK would be well paid people. But suddenly now have no job.
Imagine if one of them missed the chance to japa 5 or 10 years ago. By now their children would have settled in abroad already.

3 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by aklid(m): 3:27pm On Aug 04, 2023
Weirdos don’t want to operate in Nigeria that means jobs will be lost
But will want to ship their goods through 3rd partyπŸ€¦πŸ½β€β™‚οΈπŸ€¦πŸ½β€β™‚οΈπŸ’”
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by BoldBrainz(m): 3:28pm On Aug 04, 2023
taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working

Abi you no dey feel am?

We dey feel am, my guy . The matter sad!

1 Like 1 Share

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by HNICEARTH: 3:28pm On Aug 04, 2023
casualobserver:
A whole GSK employs ionly 290 people? doesnt that show that they dont have much of an impact in the economy? Like Unilever a few weeks ago, the truth is much of their business has been taken over by domestic companies. In the case of GSK, much of their medicines are out of patent. Every dick and harry is manufacturing pain killers and generic anti-biotics, we see their adverts all the time on youtube or tv. people are complaining that Augmentin has gone up but Augmentin is merely a brand name for amoxicillin/clavulanate potassium, there are cheaper generic Amoxicilin in the market because they are out of patent. thats why they are leaving. they do not have enough drugs still under patent.


The departure of these companies is not neccesarily a statement on the state of Nigeria but more a statement of the inability of these companies to compete with cheaper local manufacturers.

Talk is cheap. You think profitable production is having an over bloated workforce like the nigerian civil service?

Alot of production especially is pharma and food industries are automated with few personnel ensuring set parameters and quality control are functional. You only need much personnel in management/admin and sales end part of it.

2 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Ikpunnegi01: 3:28pm On Aug 04, 2023
Ebola Tinubu is killing the economy and lying that he had saved trillions πŸ˜‚ Una go see shΓ¨ge !
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by civilserva: 3:29pm On Aug 04, 2023
ecolime:

This means the operating environment is harsh and not conducive enough for their operations.


Guys, lets just pray we don't have major sicknesses. Almost all the best Doctors in Naija are leaving this country in droves.

Went for a routine checkup earlier, my Physician don JAPA. His replacement looks and talks clueless.

Na young Doctors full everywhere. Dem be like IT students.

Why dey no go japa? When anyone makes a critical comments on government policies, you guys will term it 'hate'

5 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by BoldBrainz(m): 3:29pm On Aug 04, 2023
IconicR:
I hope it has nothing to do with Asiwaju πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

Let us continue playing o grin.

2 Likes 1 Share

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Nobody: 3:29pm On Aug 04, 2023
BoldBrainz:


Let us continue playing o grin.
Just asking sha
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by fidarep: 3:29pm On Aug 04, 2023
lekkan:
GSK end of operation will favour me and my family πŸ™πŸΎ
this is now a dry joke
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by DavieG17: 3:32pm On Aug 04, 2023
Good day sir/ma I have a used LG 32inches SMART TV still in Good shape...

PRICE:60K NEGOTIABLE

LOCATION: BENIN CITY

NUMBER TO CALL AND MESSAGE ON WHATSAPP:08183878589
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by ShaqFu: 3:33pm On Aug 04, 2023
Dancebreaker:

And they ask why do gainfully employed people japa.

Quality control and production managers at GSK would be well paid people. But suddenly now have no job.
Imagine if one of them missed the chance to japa 5 or 10 years ago. By now their children would have settled in abroad already.
As in, I believe some Japa not because of the economic situation of the country, but because of their kids. It sounds prudent though, giving ones kid a sand environment and a fair chance in life to start.
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Kukutente23: 3:33pm On Aug 04, 2023
IconicR:
I hope it has nothing to do with Asiwaju πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
What exactly is funny about this?
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by ferhyntorlah(f): 3:34pm On Aug 04, 2023
casualobserver:
A whole GSK employs ionly 290 people? doesnt that show that they dont have much of an impact in the economy? Like Unilever a few weeks ago, the truth is much of their business has been taken over by domestic companies. In the case of GSK, much of their medicines are out of patent. Every dick and harry is manufacturing pain killers and generic anti-biotics, we see their adverts all the time on youtube or tv. people are complaining that Augmentin has gone up but Augmentin is merely a brand name for amoxicillin/clavulanate potassium, there are cheaper generic Amoxicilin in the market because they are out of patent. thats why they are leaving. they do not have enough drugs still under patent.

The way pharmaceutical companies work is this: you do research and develop a medicine. youare granted a patent which may last 10, 20 25 years etc. During that period, the medicine may cost you N100 to produce but you can sell it for N10,000 to recover your r&d costs. Once your patent is over any tom dick and harry can manufacture the same product and sell it for N100 and sell it for N200. Nobody is going to see the same product for N200 and pay N10,000 simply because it is manufactured by GSK. Thats the problem with GSK, not that the Nigerian economy is bad.

The departure of these companies is not neccesarily a statement on the state of Nigeria but more a statement of the inability of these companies to compete with cheaper local manufacturers.

Thanks for the explanation
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Segzy19: 3:35pm On Aug 04, 2023
The Indian manufacturers have spoiled market for them.....
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by casualobserver: 3:35pm On Aug 04, 2023
YouAreNobody:

You yourself know this thing you spewed is bunkum. Is 290 people not a lot? This doesn't even include the people indirectly employed by them. An international company just exited the country due to the harsh business environment and you're downplaying it like it's nothing. If 10 of them exit, how many will be left?

You clearly do not know what you are talking about. 290 people for a company like GSK is peanuts. Ordinary Fidson a nigerian company in the same industry that most Nigerians have probably never heard about employs 215, UAC for instance employs over 1,300 people. MTN employs 1,700. Dangote employs 11,000 excluding their transport workers, Guiness employs close to 1,000, UBA employs 20,000.

The point is they are not that important. their employee strength is minimal for a multinational of their size and their products are replaceable and indeed have been replaced by local manufacturers which is why they are quitting.

They only have name, they contribute little to our economy and exploit us with huge prices, they are a parasitic company...good riddance!!

4 Likes

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Rolings: 3:36pm On Aug 04, 2023
taylor88:
kiss

Na you wey yeye dey worry

When the Zaccheus Ebola you people elected wan use tax blind their eyes you say make them no go

Which tax?
You clearly are not talking about Nigeria because Tinubu has not imposed any new tax and has even given 3-6 months tax breaks....
Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by BoldBrainz(m): 3:36pm On Aug 04, 2023
IconicR:
Just asking sha

Rose, don't ask o grin!

Asiwaju is doing well. Wait until a pack of "Always ultra pads" of 8 pieces, sells for 2,500. That's when ladies like you will start using cotton wool and tissue papers to clog your flow. Then you'll understand how very fvcked Nigeria currently is.

4 Likes 1 Share

Re: Glaxosmithkline Ends Operations In Nigeria, After 51 Years by Nobody: 3:37pm On Aug 04, 2023
Ok

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