Picture of BioNTech SE logo

BNTX — BioNTech SE News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousLarge CapFalling Star

Corrected: BioNTech to shutter three sites in Germany as no buyers emerge

CORRECTED-BioNTech to shutter three sites in Germany as no buyers emerge

Removes erroneous reference to Singapore in first paragraph and headline

- German COVID‑19 vaccine maker BioNTech 22UAy.DE said on Monday that it would close German sites that it has failed to sell as it pivots away from pandemic-era manufacturing.

"Despite the best efforts of all those involved and a wide-ranging sales process, it has unfortunately not been possible to finalise a sale," said a spokesperson.

The spokesperson added that the biotech firm had agreed with the works council on socially responsible solutions and supplementary redundancy terms for affected staff.

BioNTech said in May it would seek buyers for its German sites in Idar-Oberstein, Marburg and Tuebingen, as well as in Singapore, or otherwise wind them down.

The restructuring, affecting up to 1,860 jobs, was part of a production transfer of its COVID-19 vaccine to partner Pfizer PFE.N.

BioNTech, the initial inventor of the Western world's most commonly used immunisation shot during the pandemic, said in March that its two co-founders would leave by the end of this year to start a new venture.

($1 = 0.8554 euros)


(Reporting by Patricia Weiss
Writing by Ludwig Burger
Editing by Miranda Murray)

((ludwig.burger@thomsonreuters.com; ))

Recent news on BioNTech SE

See all news