Not So Happy Holidays as 14,000 Teva Employees Face Layoffs
Not So Happy Holidays as 14,000 Teva Employees Face Layoffs
Attachment: Teva, Dec. 2017
SUGAR LAND--December 20, 2017--Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Layoffs are always unwelcome news. But there is an added level of poignancy when they are announced during the holiday season. Israeli generic drugmaker Teva Pharmaceutical Industries Limited (NYSE:TEVA) (Tel Aviv) has announced it plans to cut 25% of its global workforce, or an estimated 14,000 jobs.
Within this article: Details on Teva's plans for the future.
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