This week an unspecified number of employees were laid off due to "restructuring". No other facts known at this time.
Why am I reading about June layoffs at Teva? Where is that info coming from? I understand that layoffs are inevitable but there was no info anywhere to indicate a specific date or month.
Do you know how many people work here and how many at the HQ at Israel?
Who will be winning this
This is a master thread about Teva Pharmaceutical Layoffs 2020? Any news or rumors?
This is happening and there will be more Teva job cuts in the US: http://www.philly.com/philly/business/pharma/teva-philadelphia-area-layoffs-more-than-200-20180118.html
We have already closed our office in Cambridge, MA... Closing (right now) the offices in Washington, DC and Horsham, PA... Manhattan too. Kiryat Shmona Migada disposable medical eqpmt plant will closed, 500+ to be laid off in Petah Tikva HQ. Pretty... — read more
According to MarketWatch, the number of people Teva Pharmaceutical is getting ready to lay off is now up to 14,000. That makes for a quarter of our entire workforce. With a number this high, I'm not sure that any department is safe. The next few... — read more
https://www.timesofisrael.com/union-calls-strike-over-thousands-of-expected-teva-layoffs/ Not really sure if this will help but at least someone is willing to put up a fight: The Histadrut labor union called a general strike throughout the country... — read more
Yep, 10,000 it is... https://www.bloomberg.com/news/articles/2017-12-08/teva-said-to-weigh-cutting-up-to-10-000-jobs-to-pare-expenses
Since the Florida sites are only those hostile and poorly managed, inefficient, old Watson/Actavis facilities, surely they will be closed, everyone laid off, as soon as anything valuable is extracted, if there is anything of value.
Not that we didn't know this already, but still... https://americaclosed.com/pharma-layoffs-2017-teva-eli-lilly-merck-endo-novartis-job-cuts/
Do not worry too much, I am one of those who is always optimistic - things will pan out good and we will not have layoffs here in Israel.
Often I cannot but to wander how Teva can be such a disorganized company and still make money... Why do they have to close very, very, very effective facilities with great workers and great products just to save a penny. More offshoring is... — read more
This week, a few days ago (on Thursday 3/21/2017), main financial websites in Israel covered Teva layoffs story and they noted that there is a plan to lay off up to 6K workers - they actually gave a range (2K to 6K) but that's not the point. Anyhow... — read more
It's confirmed, Teva will be laying off 350 employees, mostly in production. https://www.nytimes.com/reuters/2017/07/23/business/23reuters-teva-pharm-ind-layoffs.html
Any updates on job cuts for 2017 as it relates to Florida? I see no postings here.
Things are accelerating, here comes the axe
Teva to close the packaging site in Eastbourne UK. The site will close at the end of 2021.
The Forthcoming closure of the Teva site in Eastbourne is unsurpising and inevitable due to the mismanagement of this company at a global and especially with this site local level.
As expected Teva pharmaceutical will be closing by year 2023, probably early 2022 Elizabeth and Edison sites. Teva pharmaceutical is bad for hard working people around the world.
It worries me to see how many of my colleagues are unprepared for what's most likely to happen much sooner than they think because they believe they're safe. Teva is a troubled company with so much debt that thinking anybody is safe just because a... — read more
Thoughts? Any Teva Pharmaceutical layoffs? Any chatter, news or rumors?
Prepare for major layoffs. Disastrous results are always met with knee-jerk reactions to make the numbers look batter, and usually those focus first and foremost on employees and how many can be cut. I'm not looking forward to the following weeks and... — read more
Teva Pharmaceutical Industries Ltd. is a global pharmaceutical company specializing in the development, production and marketing of generic and proprietary branded pharmaceuticals as well as active pharmaceutical ingredients. Teva is among the top 20... — read more
Teva Pharmaceutical Industries Ltd PO Box 3190 5 Basel Street Petach Tikva 49131, Israel Phone: +972 (3) 926 7267 Fax: +972 (3) 923 4050 Email: email@example.com Website: http://www.tevapharm.com Contact: Board of Directors Dr Phillip Frost, Chairman... — read more
This is truly frightening - Teva has announced that it plans to cut its workforce by 7,000!!! The number jumped by 5,000 due to bad quarterly results... It is still unknown where the cuts will be made or who will be hit the hardest... Good luck... — read more
These people laid me of a couple years back after nearly a decade of saving them money by stopping the stupidity. I save them millions, then they bring in some idiot new vp who joyfully got rid of all the existing team in just one year. Well you can... — read more
https://www.sec.gov/Archives/edgar/data/818686/000119312518039076/d529462d10k.htm#toc529462_18 pages 204-266
Thank you NJ, for costing 800 people their jobs. Teva Pharmaceuticals USA has accepted an incentive package from N.J. that totals nearly $40 million over 10 years to move its headquarters from Montgomery Township. The move will include the transfer... — read more
Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce, accelerating a cost-cutting plan as it prepares for lower-priced competition for its best-selling drug. The world's largest maker of generic drugs by sales said it... — read more