Business · Companies · 1 hr ago

Roche puts future investment decisions in Germany on hold

Roche puts future investment decisions in Germany on hold

Swiss drugmaker Roche has put future investment decisions in Germany on hold, its Germany chief Daniel Steiners said.

He said recent government policy had weakened the company’s confidence in the country as a place to invest.

Roche objects to a planned law to stabilise public health insurance contributions, saying it could add costs for drug companies without fixing deeper problems in the system.

The pause applies to future decisions, not projects already approved; a planned expansion at Roche’s Penzberg site in Bavaria will go ahead.

Roche employs about 18,000 people in Germany and says it has invested nearly 3.8 billion euros there since 2020.

Other drugmakers have also cut or reduced planned German investments amid concern about the government’s savings plans.

Roche says it needs more reliable conditions before deciding what to invest next.

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What people are saying

Daniel SteinersRoche Germany chief
We have put all future investment decisions in Germany on hold for now.
via cash.ch
For the pharmaceutical sector, I can say that policy has destroyed a great deal of trust recently.
via cash.ch
Instead of addressing the structural problems, policymakers are relying on short-term savings and additional burdens for industry.
via 20 Minuten
This means you lose twice.
via 20 Minuten