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Teva Pharmaceutical to cut up to 6,000 jobs: Report

Teva Pharmaceutical to cut up to 6,000 jobs: Report

Thursday, March 23, 2017, 5:20 PM

The world’s biggest producer of generic drugs Teva Pharmaceutical Industries Ltd is looking to eliminate between 5,000 and 6,000 positions over the next few years. According to a report, a 5,000-person reduction would save $2 billion. The company has already laid off about 100 employees in Israel, where it’s based, and is seeking to cut hundreds more in the coming weeks.
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