The biotech company AGC Biologics is closing its facilities in Boulder and Longmont and is laying off a total of 267 employees in Colorado starting Nov. 15.

The company said in a notice to state and local officials Tuesday that it has restructured “in an effort to protect the longevity of the organization.” AGC Biologics will permanently lay off 218 employees in Boulder, 48 in Longmont and one in Kremmling. Eleven employees in other states who support the Colorado operations will also be let go.

The positions being eliminated include engineers and manufacturing jobs, according to the Worker Readjustment and Retraining Notification Act notice filed with the state.

An AGC spokesperson told the trade publication BioProcess Insider that the restructuring comes as investment in biotech r

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