Long-ex­pect­ed UK lay­offs im­mi­nent for No­var­tis fol­low­ing sale

Near­ly a year ago, more than 200 work­ers at No­var­tis’ Grims­by, UK, fa­cil­i­ty were able to hang on to their jobs af­ter the phar­ma closed a Switzer­land site as a part of its work­force re­struc­tur­ing plan. Now, it looks like those em­ploy­ees’ time is up, as the site has been sold, Grims­by Tele­graph re­port­ed to­day.

The man­u­fac­tur­ing site has been sold to Hum­ber In­dus­tri­als, a sub­sidiary of In­ter­na­tion­al Process Plants. None of the cur­rent staff mem­bers will be work­ing with the new own­ers, how­ev­er.

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Venture & Research Associate

Alexandria Real Estate Equities

San Francisco, CA, USA