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Israeli unions warn Teva Pharmaceutical

biospectrumasiaApril 17, 2018

Tag: Teva Pharmaceutical , warn , Israeli unions

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Israeli labor federation Histadrut intends to take labor or legal action against Teva Pharmaceutical if it does not suspend a decision to close a plant in the Israeli port city of Ashdod.

The drugmaker, which is in the middle of cutting 25% of its global workforce, said last week that it would close the unprofitable plant in March 2019 after failing to find a buyer for the facility.

Half of the Teva factory’s 175 workers would lose their jobs in the coming months, with the rest continuing to work until the plant closes.

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