Israel urged Teva to close Irish plant

Teva has embarked on a major global cost-cutting drive, and announced plans last month for cuts of up to 14,000 jobs, roughly a quarter of its workforce

7th January, 2018
Teva offices in Ireland

It has emerged that the Israeli government lobbied the pharmaceutical giant Teva to close one of its Irish manufacturing plants, instead of making job cuts in Israel.

Teva has embarked on a major global cost-cutting drive, and announced plans last month for cuts of up to 14,000 jobs, roughly a quarter of its workforce, as it faces increased competition from other generic drug manufacturers.

The cuts will hurt its home market in Israel heavily, where it...

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