Business & Tech
Thermo Fisher To Close Princeton Site, Layoff 113 Employees
The company said it was closing its Princeton site to "remain in line with current manufacturing volume demands."
PRINCETON, NJ – Thermo Fisher Scientific will be closing its Princeton site later this year, effectively laying off 113 employees, the company confirmed.
Thermo Fisher Scientific was recently listed on a Worker Adjustment and Retraining Notification Act (WARN) advisory on the New Jersey Department of Labor and Workforce Development website.
WARN notices offer protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs.
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“Thermo Fisher Scientific continuously evaluates its global operations to identify opportunities to improve efficiency and effectiveness in meeting our customers’ needs. In alignment with this ongoing effort, we have made the decision to close our Princeton, NJ site to remain in line with current manufacturing volume demands,” A company spokesperson told Patch in a statement.
“Decisions that impact colleagues and their families are never taken lightly, and we will do everything possible to support our colleagues who are affected. These actions are designed to better help us serve our customers, strengthen our global competitive position, and provide long-term growth and success of our organization.”
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The Biotechnology product development company informed state officials in March that it would layoff 113 employees effective June 16. The company provides medical equipment, analytical instruments, reagents and consumables, software and services for research, diagnostics and clinical laboratories.
The company has yet to confirm a date for closing the Princeton site.
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