Pharmaceutical Giant “Teva” to Lay Off 350 Workers at 2 Israeli Plants

Teva Pharmaceutical Industries announced on Sunday, July 23, its intention to lay off workers at two Israeli factories, and will be firing both regular employees and managerial staff at its Kfar Saba and Ramat Hovav-based Teva Tech facilities over the coming months. While Teva did not reveal how many of the company’s 7,000 Israeli employees would be affected, Israeli media have estimated that some 300 to 350 layoffs will occur.

Following the announcement of corporate management’s plan to unilaterally dismiss hundreds of employees at the two sites, the Histadrut Labor Federation, which is the union representing all of Teva’s workers, has announced a labor dispute at nine plants of the Israeli pharmaceutical giant.