Business
The company says it will phase out the facility to boost efficiency and plans to relocate most employees to other locations in Massachusetts.
Stephan Savoia / AP, File
The biotechnology company Thermo Fisher Scientific is closing its Franklin facility, impacting up to 80 workers, the company said.
In a statement to Boston.com, Thermo Fisher said it is closing its chemical analysis facility by the end of 2026. Most of the work will move to other U.S. facilities, as the company adjusts operations to meet current customer demand.
The company said impacted workers will receive job transition support, with many employees relocating to other Massachusetts-based facilities.
“Decisions that impact colleagues are never taken lightly,” the company said. “However, these actions are designed to better help us serve our customers, strengthen our global competitive position, and provide long-term growth and success of our organization.”
The company added that the closure does not reflect a larger strategic change in its commitment to U.S. manufacturing.
Thermo Fisher, headquartered in Waltham, provides a wide range of products and services for research, health care, pharmaceuticals, biotechnology, environmental testing, and industrial applications. It has over 100,000 employees worldwide.
On Thursday, the company reported a 4% year-over-year increase in revenue to $44.56 billion in 2025.
Beth Treffeisen is a general assignment reporter for Boston.com, focusing on local news, crime, and business in the New England region.
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