News Formal

Genentech to close South SF production facility, lay off more than 250 employees, company says

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The South San Francisco-based company says it will also lay off about 265 employees.

Biotech drug manufacturer Genentech announced it is closing its South San Francisco production facility.Biotech drug manufacturer Genentech announced it is closing its production facility at South San Francisco.San Jose-based PayPal will lay off 2,000 workers, company says

"We are closing our South San Francisco Production facility as part of a long-term strategy in place for the past 15 years to move commercial manufacturing to other sites in our global manufacturing network while focusing clinical supply production in South San Francisco where it is co-located with our R

"We completed our last production runs a few weeks ago and are now in the process of decommissioning and de-registration of the facility, which will take at least 6-12 months," the company said.Genentech has made medicine at the facility for the last 40 years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 529. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Layoff tracker: Mass layoffs by tech companies big and small hit the Bay AreaGenentech, Meta, Zoom, Ebay, Paypal, Alphabet, Salesforce, Stripe. Here's an overview of Bay Area tech companies that have recently executed a mass layoff.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »