Tags: cuts

Israel’s main public-sector labour union staged a half-day strike on Sunday, closing the airport, stock exchange, banks and all government ministries to protest at mass layoffs planned by Teva Pharmaceutical Industries. Debt-ridden Teva, one of Israel’s largest companies and the world’s largest generics drugmaker, said last week it would cut its global workforce by more…

Israel’s main public-sector labour union staged a half-day strike on Sunday, closing the airport, stock exchange, banks and all government ministries to protest at mass layoffs planned by Teva Pharmaceutical Industries. Debt-ridden Teva, one of Israel’s largest companies and the world’s largest generics drugmaker, said last week it would cut its global workforce by more…

Reports that Teva Pharmaceutical Industries is planning a restructuring involving mass layoffs in Israel sparked calls on Wednesday for a half-day general strike to be held in protest. The plan includes closing Teva’s research and development centre in the coastal city of Netanya, selling its logistics centre in Shoham and cutting 3,300 jobs out of…