After months of regulatory woes and declining demand, Lonza is planning to cut two-thirds of its staff at a Massachusetts biologics plant, part of the CMO's overall effort to restructure and adapt to a changing market for commercial manufacturing.
Swiss contract manufacturer Lonza has been dealing with quality issues at its biologics plant in Hopkinton, MA, for a couple of years. And so in July, the company said it had decided to phase it out, eliminate 250 jobs and concentrate that work at a facility in Switzerland. The company says now most of those cuts will happen by the end of the year.
Lonza last month said it was going to phase out work at its troubled biologics plant in Hopkinton, MA, eventually cutting about 250 jobs. At the time it didn't put a timeframe on the moves, but it now says it is set to begin next month.
Lonza 's biologics plant in Hopkinton, MA, has been a headache for the Swiss contract manufacturer and its customers. The company has struggled to get it up to FDA expectations, creating supply issues for clients, leading it to phase the plant out.
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Lonza, the API and chemical giant, has been struggling to reduce manufacturing costs, particularly at its massive plant in Visp, Switzerland, where it has slashed 400 jobs. But CEO Richard Ridinger says more restructuring is in the cards.
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