Teva Pharmaceutical announces 14,000 layoffs globally in the next two years, and plans to close or sell multiple plants

Buy Photo Clem Murray / Staff Photographer Teva Pharmaceutical’s North America headquarters is in North Wales, Montgomery County. The company announced a major restructuring and layoffs on Thursday. In a sweeping restructuring announcement, Teva Pharmaceutical Industries said Thursday it will cut more than 25 percent of its work force, […] Click here to view original…

Israeli drugmaker Teva to cut 14,000 workers as part of a global restructuring

In this Wednesday, Oct. 16, 2013, file photo, trucks drive in front of Teva Pharmaceutical Logistic Center in the town of Shoam, Israel. Israel’s Teva Pharmaceutical Industries Ltd. said it is purchasing Dublin-based Allergan PLC’s generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition […] Click here to view original…

Teva’s stunning list of cuts targets 14K jobs, $3B in costs and plants around the globe

Teva unveiled a sweeping plan of cost cuts that will hit facilities and jobs around the globe. Teva’s layoffs and cost cuts are here—and they’re far larger than reports predicted. The company said Thursday it would slash its headcount by 14,000, eliminating more than 25% of its worldwide workforce. […] Click here to view original…