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Teva Cuts Jobs, Closes Plants as Woes Deepen

03:50 EDT 8 Aug 2017 | CHEManager

As its financial woes continue to deepen, Israeli generics producer Teva is making plans to lay off 7,000 employees and close 15 plants. CEO Yitzhak Peterburg said the company will close or sell six production facilities before the end of in 2017, followed by nine in 2018. It will also pull back from 45 countries by the end of this year.

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