CureVac

After the announcement to close the Curevac site, hundreds of employees face deep cuts; the works council expects about two-thirds of jobs to disappear by the end of 2026 and says operational activity is to be stopped on December 31. A taskforce appointed by the state government aims to secure infrastructure and know-how and to offer staff prospects, while Biontech emphasizes a socially acceptable reduction of personnel and support programs. The works council criticizes the management’s limited willingness to negotiate and points out that there are hardly any comparable jobs in the region for highly specialized professionals. » More on finanzen.net

Ingmar Hoerr sharply criticizes Biontech and calls the takeover of Curevac a "dumb sale", saying that, according to him, jobs are to be cut and production sites in Marburg, Idar‑Oberstein, Singapore and Tübingen are to be closed. He accuses Biontech of using the takeover primarily to acquire patents and to eliminate a competitor. Hoerr warns that knowledge built up over decades will be lost and at the same time criticizes Biontech's share buyback program as contradictory to the stated reasons for cost cutting. » More on welt.de

After the takeover of Curevac, founder Ingmar Hoerr accuses Biontech of deception after Biontech announced the closure of several sites, including Tübingen. Around 820 former Curevac employees are affected; up to 1,860 positions could be cut across the group. Biontech justifies the measures with overcapacity and cost reductions, while the union and Tübingen’s mayor sharply criticize and speculate about patent strategies and the prioritization of financial interests. » More on faz.net