AM I NEXT? NO LOVE AT UNIQURE

Lexington, Massachusetts-based uniQure, a biopharma technology company specializing in genomic medicines, is continuing its organizational restructuring designed to streamline operations. This includes selling its Lexington manufacturing facility to Genezen.

The restructuring will impact 65% of the company's workforce, approximately 300 employees.

According to CEO Matt Kapusta...

“These actions are designed to ensure we have the funding required to achieve key milestones and drive shareholder value, as we endeavor to deliver transformative medicines to patients in need.

uniQure conducted and recently concluded a detailed review of its operating expenses with the goals of conserving capital, streamlining operations, and ensuring sufficient cash resources to achieve multiple potentially meaningful value creating milestones. As a result of this review, uniQure has or will be taking the following steps:

The sale of the Lexington, Massachusetts manufacturing facility to Genezen announced on July 1, 2024.

Global workforce reductions aimed at organizational rightsizing, delayering and outsourcing sub- and non-critical activities.

Inclusive of the sale of the manufacturing facility, the elimination of approximately 65% or 300 roles across the organization. Certain intended organizational changes are subject to review and advice from the Company’s Amsterdam-based works council, which is ongoing and expected to be completed in the third quarter of 2024. The Company expects to substantially complete the restructuring in the fourth quarter of 2024.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT STEWARD HEALTH CARE SYSTEM

Dallas, Texas-based Steward Health Care, a private for-profit healthcare system that uses an integrated care model to deliver healthcare across its hospitals and primary care locations, as well as through its managed care and health insurance services, has announced the closure of two Massachusetts acute care hospitals

The closures will impact 1,250 employees, including 753 workers at Carney Hospital and 490 workers at Nashoba Valley Medical Center.

According to a spokesperson, “The decision to close both Carney and Nashoba hospitals is one we deeply regret having to make. Steward is acutely aware of the difficulties this will impose on our dedicated and hardworking employees.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT POST CONSUMER BRANDS

Lakeville, Minnesota-based Post Consumer Brands, a consumer packaged goods food manufacturer, has announced the closure of its Lancaster, Ohio facility. Production at the Lancaster plant will be transferred to other Post Consumer Brands manufacturing sites.

The closure will impact 158 employees, with four maintenance employees remaining until the plant, which was part of the company's June 2021 acquisition of TreeHouse Foods' ready-to-eat cereal business, is sold.

According to CEO Nicolas Catoggio, “We are continuously optimizing our network so that we can best serve our customers and consumers. This facility closure enables Post Consumer Brands to continue offering a diversified portfolio of great products at a great value.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?