Saturday July 11, 2020

Teva Pharma to cut 5,000 jobs globally

UPDATE: Cutbacks, which equal about 10 percent of the workforce, will yield annual cost savings of about $2 billion by the end of that year, the company said.

10th October, 2013
Teva

Teva Pharmaceuticals, the world’s largest maker of generic drugs, plans to eliminate about 5,000 jobs as it accelerates cost reductions.

Cutbacks, which equal about 10 percent of the workforce, will yield annual cost savings of about $2 billion by the end of that year, the company said.

Teva did not disclose where the cuts would happen. It employs some 1,000 people in Ireland.

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