on CARBIOS (EPA:ALCRB)
CARBIOS Initiates Workforce Reduction as Part of Strategic Reorganization
CARBIOS, a company known for pioneering biodegradable technologies, announced a reorganization project intending to cut approximately 40% of its workforce. This decision aligns with the company's strategy to manage its cash position prudently, as detailed in a previous announcement on 19 December 2024.
The restructuring plan impacts both CARBIOS and its subsidiary, CARBIOS 54, and follows the company’s efforts to control spending. Despite the job cuts, CARBIOS remains focused on its industrial objectives, including the construction of its PET biorecycling plant in Longlaville after securing additional funding.
The plan is subject to consultation procedures with the Social and Economic Committee. CARBIOS aims to sign its first commercial contracts by mid-2025 and address its financial needs to advance its projects.
R. H.
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