The hits just keep on coming to the moribund Montgomery County economy. Amid mass layoffs of federal employees who live in the County, biotech firm BioNTech has announced further layoffs at its facilities. 63 employees are already due to be let go on Saturday, August 9. Now the German pharmaceutical company says it will lay off an additional 32 workers at its facility at 25 West Watkins Mill Road in Gaithersburg on September 16.
Robert - did you ever consider that the layoffs might not be due to the "moribund MoCo economy" but rather to the funding cuts initiated by RFK Jr ?? And Trump.
ReplyDeleteThe mRNA research was just cut massively, and that's part of what this company does.
Peter, that's certainly a real possibility, along with the steep drop in demand for the COVID vaccines that I mentioned in my report on their previous layoffs. The BioNTech layoffs have been more of a further blow *to* the moribund MoCo economy, rather than a direct result of it.
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