The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.11 - Research and experimental development on biotechnology
80 - 120 jobs Number of planned job losses
Announcement Date
29 June 2015
Employment effect (start)
Foreseen end date
Description
The French biotech company Transgene has announced it will close its clinical-scale biomanufacturing facility near Strasbourg with the loss of 120 jobs. The aim is to outsource production to third parties in the framework of a new strategy to move away from a vertical integration model to focus the resources on advancing Transgenes’ clinical development profile and R&D. The management took this decision after that the pharmaceutical group Novartis decided to stop its cooperation with Transgene in the immunotherapy field. The closure will lead to 120 job cuts of a total workforce employed at this site of 285 employees. However, the US subsidiary of Institut Mérieux, ABL, is expecting to take over the production in the site and may offer positions to 40 of the affected employees involved in manufacturing and related activities.
Sources
29 June 2015: Capital
1 July 2015: Les Echos
30 June 2015: L'usine Nouvelle
1 July 2015: BioPharma-reporter.com
Citation
Eurofound (2015), Transgene, Internal restructuring in France, factsheet number 83874, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83874.
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