In line with its press release dated 19 December 2024, which mentions the reduction of operating costs and prudent management of its strong cash position, CARBIOS launched a project to reorganize and reduce its workforce.
CARBIOS has announced the initiation of a reorganisation project that could result in job cuts at CARBIOS and CARBIOS 54, potentially affecting approximately 40% of positions.
This project is part of the tightened control over spending previously announced on 19 December.
This reorganisation should contribute to enable CARBIOS to continue executing its technological, industrial and commercial strategy, as well as cautiously managing its solid cash position (€107m as of 31 December 2024) by reducing the Group's cash burn. CARBIOS is focussed towards achieving its objectives of signing its first commercial contracts during the first half of 2025 and towards securing financing to continue the construction of its first PET biorecycling plant in Longlaville.
The proposed reorganisation is among other things subject to an information-consultation procedure with the Social and Economic Committee (CSE).
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