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Vaccine manufacturer Curevac wants to cut 150 jobs

2024-03-16T18:46:42.470Z

Highlights: Vaccine manufacturer Curevac wants to cut 150 jobs. The majority of the positions will be eliminated in Tübingen, but some will also be cut in a branch in Wiesbaden. It is primarily about the “Operations” area, which, roughly speaking, corresponds to clinical production. The company is working with its British partner GlaxoSmithKline (GSK) on the development of a new second-generation corona vaccine. It currently employs just over 1,100 people.



As of: March 16, 2024, 7:27 p.m

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The logo of the biotechnology company Curevac, taken in front of the company headquarters.

Curevac is developing vaccines based on mRNA technology.

© Bernd Weißbrod/dpa

The Tübingen biotech company wants to get rid of employees through a volunteer program.

Around 150 jobs will be eliminated.

Tübingen - The Tübingen biotech company Curevac wants to cut around 150 jobs through a volunteer program.

The program has started and will now run for the next few weeks, a spokeswoman for the vaccine manufacturer said on Saturday upon request.

The workforce was informed about this at the beginning of the week after consultations with the works council.

The “Schwäbisches Tagblatt” (Saturday) had previously reported on it.

Curevac has made great progress in the past year in further developing its proprietary mRNA platform and expanding its product pipeline, the company continued.

“The organizational structures that were originally optimized and expanded for pandemic-related Covid-19 vaccine delivery are now being tailored to Curevac’s current business scope and broader pipeline.”

The majority of the positions will be eliminated in Tübingen, but some will also be eliminated in a branch in Wiesbaden.

It is primarily about the “Operations” area, which, roughly speaking, corresponds to clinical production.

Curevac currently employs just over 1,100 people.

In the wake of the corona pandemic, the biotech company was initially considered one of the hopes for the development of a vaccine against the virus.

But due to its comparatively low effectiveness, Curevac withdrew its first vaccine candidate from the approval process.

The vaccine manufacturer is working with its British partner GlaxoSmithKline (GSK) on the development of a new second-generation corona vaccine.

The company is also working on vaccines for cancer therapy.

The spokeswoman explained that there is no product on the market yet.

dpa

Source: merkur

All news articles on 2024-03-16

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