Catalent layoffs hit 300 workers, part of acquisition restructuring

Drug manufacturer Catalent recently cut its staff by approximately 300 employees as part of its restructuring plans, the company revealed Wednesday in a quarterly filing.

What’s Happening at Catalent?

The terminations at Catalent follow layoffs in 2023 that affected the company’s Biologics, Pharma, and Consumer Health divisions. The job cuts have cost the pharmaceutical maker around $12 million.

Catalent, which is based in New Jersey, is a key supplier of ‘fill-finish’ work — filling and packaging syringes and injection pens in a clean and sterile environment — for Wegovy, a weight-loss drug similar to Ozempic. Both injectable drugs are owned by Novo Nordisk.

The workforce reduction comes just days after Catalent agreed to a $16.5 billion buyout deal from Novo Holdings, which is the parent company of Novo Nordisk.

Impact on Canadian Employees

It remains unclear how many Canadian employees are affected by job cuts at Catalent.

Termination agreements for Catalent employees

In Canada, non-unionized employees at Catalent are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Before accepting a severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance for provincially regulated employees
• Rights to severance for pharmaceutical industry workers
• Rights to severance during mass layoffs

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.