#Recycling / Circular Economy

2025-01-30

CARBIOS today launched a project to reorganize and reduce its workforce

CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, 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).

A production line for CARBIOS Active is already up and running at CARBIOS headquarters in Clermont-Ferrand, France, which can produce 2,500 tons/year of CARBIOS Active (required for the equivalent of 50,000 tons/year of enzyme-embedded PLA). © 2025 CARBIOS

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