BioNTech has outlined plans to close multiple manufacturing facilities by the end of next year, affecting about 1,860 jobs.
The German biotech intends to shutter three facilities in its home country. BioNTech’s Idar-Oberstein, Marburg and Tübingen sites are scheduled for closure by the end of next year. As previously disclosed, the biotech is also exiting a manufacturing facility in Singapore. BioNTech expects to conclude operations at the Singapore facility by the first quarter of next year.
Efforts to consolidate the manufacturing network are focused on sites where capacity will become idle or underused within 24 months, BioNTech CFO Ramón Zapata said on the company’s first-quarter earnings call on May 5. BioNTech is exploring divestment options, including partial and total sales of the plants.