Teva Pharmaceuticals to Lay Off Upto 25% of Its Workforce in Israel
Teva Pharmaceutical Industries Ltd., the world’s largest manufacturer of generic medicines, plans to fire as much as 25% of its Israeli workforce, according to the daily business newspaper Globes. The new streamlining plan will involve the company shedding an additional 20% of its workforce worldwide with most dismissals expected in the US and Europe. Before…