Hoffman LaRoche, the pharmaceutical behemoth that sits between Baristaville and Clifton Commons, is moving its corporate headquarters to California. The Star Ledger reports that LaRoche also plans to take the name of the California company it is acquiring: Genetech.
Although the Hoffman LaRoche plans to keep its Nutley campus for R&D, the news is a shock for the local economy.
"I'm just soaking it all in. I plan to read all about it when I get home,' said Artie Hamilton of East Orange, who has worked at Roche in Nutley for 30 years.Essex County Executive Joseph DiVincenzo Jr. said Hoffmann-La Roche is one of the largest corporations in Essex County and has been a stable source of employment and tax ratables.
"Any work force downsizing will have a negative impact on our community, and I look forward to meeting with Hoffmann-La Roche to strengthen our partnership and help to maintain jobs for our residents," he said.





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I suppose it could be worse: They could be completely closing down in favor of
"cheap" Indian / Chinese labor.
Hopefully they won't be doing too much down-sizing.