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Roche to move out of Palo Alto
Palo Alto may have to say goodbye to as many as 3,000 jobs. According to the San Francisco Business Times, Roche is planning to move its inflammation business from Palo Alto to Nutley, NJ and its virology ops--also at Palo Alto--to South San Francisco. The company will also move U.S. pharmaceutical commercial operations from its New Jersey site to South San Francisco.
"Roche is not disclosing the exact number of jobs that would shift between Palo Alto, South San Francisco and New Jersey. This much, however, is sure: South San Francisco will gain hundreds of jobs, New Jersey will lose hundreds and the Palo Alto operations that employed 3,000 people before Roche took control likely will be shuttered," notes the Business Times.
South San Francisco is the home of 8,000 Genentech employees. Roche, of course, is attempting to purchase one of the world's largest biotechs, though Genentech has rejected its offer as too low. Unfortunately for Palo Alto, Roche's reorganization plans will take place whether or not the Genentech deal goes through.
- read the article for more
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Comments
By Lee Ellak | Posted 11:23am | September 3, 2008
I didn't see in the article why Roche was leaving Palo Alto.
Are taxes too expensive for Roche in Santa Clara County? Is Roche dissatisfied with Palo Alto? Is Roche moving to South San Francisco just to be close to Genentech in South San Francisco? Has any journalist published an explanation? Please let us know.
Has anyone commented on this from the city of Palo Alto or the County of Santa Clara?
Both cities have expensive housing and talented workforces, so why is Roche moving?
I don't understand why Palo Alto and the County of Santa Clara are not publically trying to save 3,000 jobs?
Lee Ellak
San Jose, CA
By Anonymous | Posted 2:20pm | September 3, 2008
OMG! Where have you been?
Roche wants to buy out Genentech. Go to Roche's web site and read what's been going on for the past two months!
By Anonymous | Posted 10:34pm | September 3, 2008
I think you already know the answer Lee. Just do the research like the other person said. But deep down you know already. sigh.
By Anonymous | Posted 8:18pm | September 4, 2008
The back stabbing already started. It's like wild dogs at Roche.
Imagine the say we do have a real city-wide or state wide crisis on our hands.
By maynezfoundation.org | Posted 4:40pm | September 5, 2008
Why don't they Move to Dallas. Cheap housing, no state taxes. Best life style in the country.
By Anonymous | Posted 11:16am | September 7, 2008
So, this all sounds to me that
the deal is going to be happen for must??
any comments???
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