Genentech plans to cut 100 jobs at Vacaville plant

Full story: The Reporter

Managers at the Genentech pharmaceutical plant in Vacaville plan to cut 100 jobs, or nearly 13 percent of its workforce, in the coming months as Roche, its Switzerland-based parent company, downsizes in the wake of weak third-quarter sales.
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21 - 34 of 34 Comments Last updated Nov 27, 2010
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Barbi

Vacaville, CA

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#21
Nov 18, 2010
 
EmptySacs wrote:
<quoted text>Absolutely. How much is the rent? lol
I don't know, but I believe it started in the $1,400 range. Tiny places, perfect for people who don't really live in them. You know, designer paint colors, brushed nickle fixtures, marble counter tops...then there's the pool, gym, community room, tot lot, dog doo areas, etc.
Thank goodness there's the Kaiser Hospital. We'll always need one of those.
VacavilleOldTime r

San Ramon, CA

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#22
Nov 18, 2010
 
Barbi wrote:
<quoted text>
John, I hate to contradict you but believe Roche always owned Genentech.
At any rate, it's a shame. Getting a Genentech was a real coup for Vacaville, and the cornerstone for the development of that entire area - Kaiser, North Point Apartments, etc.
Now they're cutting 100 positions.
They DID NOT "always" own GENENTECH

In MARCH 2009 Roche AGREED to FULLY acquire Genentech, in which it had held a MAJORITY stake SINCE 1990. Genentech became a wholly-owned subsidiary group of Roche in MARCH, 2009. The purchase reportedly cost 46.8 billion.

.
El Exilio

Berkeley, CA

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#23
Nov 18, 2010
 
More lost tax revenue to the county and city. Better start thinking about closing a third school. But let's not cut out any social welfare programs, and, by all means, let's build another prison here and bring in more prisoner families. That will certainly help the bottom line.
A wise man said

Vacaville, CA

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#24
Nov 18, 2010
 

Judged:

1

1

Birds Landing Bob wrote:
How's that hope and change workin' out for ya'll?
You voted Republican right? That is the REPUBLICAN agenda and capitalism at its best.

Obama's platform has been more socialist in nature. Thank god, if you believe in one.
Mike

Lincoln, CA

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#25
Nov 18, 2010
 
Lifetime Vaca Resident wrote:
So; Genentech spends millions on expanding thier facility about two years ago and now they are cutting jobs. Real nice!
FYI, almost as soon as the expansion was complete, it was mothballed. What was to be manufactured in the expansion facility is now going to be made down in Oceanside. So people knew this was coming for a while.

Since: Aug 10

United States

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#26
Nov 19, 2010
 
A wise man said wrote:
<quoted text>
You voted Republican right? That is the REPUBLICAN agenda and capitalism at its best.
Obama's platform has been more socialist in nature. Thank god, if you believe in one.
Sure, Socialism is great, that's why it has failed everwhere it has been tried.

I know, it's just the right people haven't done it yet, ie OBozo and his cronnies.
EmptySacs

Sacramento, CA

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#27
Nov 19, 2010
 
Barbi wrote:
<quoted text>
I don't know, but I believe it started in the $1,400 range. Tiny places, perfect for people who don't really live in them. You know, designer paint colors, brushed nickle fixtures, marble counter tops...then there's the pool, gym, community room, tot lot, dog doo areas, etc.
Thank goodness there's the Kaiser Hospital. We'll always need one of those.
Dang!

Since: Aug 10

United States

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#28
Nov 19, 2010
 
Barbi wrote:
<quoted text>
I don't know, but I believe it started in the $1,400 range. Tiny places, perfect for people who don't really live in them. You know, designer paint colors, brushed nickle fixtures, marble counter tops...then there's the pool, gym, community room, tot lot, dog doo areas, etc.
Thank goodness there's the Kaiser Hospital. We'll always need one of those.
I heard that some of them are pretty big for apartments, like in the 1200 square foot range, and some have garages.
Barbi

Vacaville, CA

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#29
Nov 19, 2010
 
Birds Landing Bob wrote:
<quoted text>
I heard that some of them are pretty big for apartments, like in the 1200 square foot range, and some have garages.
Yes, they are VERY nice, although I haven't seen them. A mix. Many times these complexes do offer huge apartments with fireplaces and garages, but the majority of the units are tiny 1, 2 bedrooms.

Since: Aug 10

United States

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#30
Nov 19, 2010
 
Barbi wrote:
<quoted text>
Yes, they are VERY nice, although I haven't seen them. A mix. Many times these complexes do offer huge apartments with fireplaces and garages, but the majority of the units are tiny 1, 2 bedrooms.
You think any of them come with a pasture for the Goat?
Sofa King

Sacramento, CA

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#31
Nov 22, 2010
 
When Genentech came to town 10+ years ago they touted they would bring thousands of jobs to Vacaville; the reality was they brought their employees with them. 100 laid off, bet ya they were wishing they had a union. I can only hope they bought one of those $700,000.00 homes a crossed from Kaiser. To dam funny!
glob

Napa, CA

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#32
Nov 22, 2010
 
Sofa King wrote:
When Genentech came to town 10+ years ago they touted they would bring thousands of jobs to Vacaville; the reality was they brought their employees with them. 100 laid off, bet ya they were wishing they had a union. I can only hope they bought one of those $700,000.00 homes a crossed from Kaiser. To dam funny!
Sorry, but they didn't bring 800 employees with them. And they don't wish they had a union. And most of them are satisfied with their employment. Most of them found more affordable housing in the sacto/davis area. Oops, didn't mean to counter every wrong point in your post. Sort of makes you pointless.
Gene Bender

Vacaville, CA

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#33
Nov 27, 2010
 
The current layoff is completely self inflicted due to the mismanagement of the company. Everything your are seeing now was a result of decisions made prior to Roche buying out the remainder of the company. In case anyone had not noticed, American companies are run with incompetence. The Vacaville site doubled in size following the $1BB+ expansion, and there will be additional layoffs to get back to the staffing levels of 2003/4.

Since: Aug 10

United States

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#34
Nov 27, 2010
 
Gene Bender wrote:
there will be additional layoffs to get back to the staffing levels of 2003/4.
Of only we could get the government to do that.

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