Tuesday, 02 January 2024 12:17 GMT

Swiss Pharma Giant Novartis To Cut Over 500 Jobs At Stein Plant


(MENAFN- Swissinfo) Novartis is to end tablet and capsule production at its Stein site near Basel, in northern Switzerland, by 2027, cutting around 550 permanent jobs. This content was published on November 25, 2025 - 13:46 2 minutes Keystone-SDA
  • Français fr Novartis ajuste sa production en Suisse, 550 postes disparaissent Original Read more: Novartis ajuste sa production en Suisse, 550 postes disparai

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The site will be automated and remain a hub for sterile dosage forms and the commercial production of complex, personalised cell therapies, Novartis said in a statement on Tuesday. The company plans to invest $26 million (CHF21 million) to make this happen.

Novartis has started a consultation process, and affected staff will be covered by a social plan extended until 2028. The company says it will offer measures such as early retirement.

At the same time, Novartis plans to invest $80 million in its Schweizerhalle site, creating around 80 new full-time jobs by the end of 2028. The investment will support the development of siRNA, a key part of the group's strategy for tackling cardiovascular, kidney and metabolic diseases.

Translated from French with DeepL/sp

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