Marlborough employee-owned company to lay off 68 Holliston employees
Photos | Courtesy of WEB INDUSTRIES
Web Industries adapated its operations in the wake of the COVID-19 pandemic.
Web Industries, a Marlborough-based manufacturer serving a variety of industries including medical, aerospace, and personal & home care, will lay off 68 people at its Holliston facility, according to a Worker Adjustment and Retraining Act report submitted to the state.
The layoffs will take place between Oct. 19 and the end of 2023, according to the WARN report.
In June 2020, Web Industries announced it would hire 125 people at its Holliston Lateral Flow Diagnostic Center of Excellence to boost the company’s production of COVID-19 testing components.
A press contact with Web Industries on Monday morning did not return requests for comment, seeking the reasoning behind the layoffs.
Other companies that ramped up production for COVID-19 tests have seen a falloff in business: North Carolina-based LabCorp, Abbott Labs of Chicago, and Quest Diagnostics, headquartered in New Jersey have seen a drop in revenue from COVID-19 testing as COVID numbers remain lower than earlier in the pandemic and the federal government ended the public health emergency related to the disease on May 11.
The Marlborough medical technology firm Hologic reported a 74% decrease in revenue from COVID-19 diagnostic testing in its third quarter ending in June.
Web Industries hired John Madej as its new CEO in December. He was named president earlier in 2022. The company is 100% employee-owned, according to its website.
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