News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Teva Pharmaceutical Industries Limited (TEVA) Axes 340 Jobs, to Close Plant in Mirabel, Quebec


7/20/2011 11:06:05 AM

Generic drug-maker Teva Pharmaceutical Industries Ltd. (Nasdaq:TEVA) is shutting a recently acquired Montreal-area plant, putting 340 people out of work. The Israeli generic drug giant acquired the plant last year when it purchased Germany's Ratiopharm; Teva had already announced plans to either sell the plant in Mirabel, Que., within a certain deadline, or shut it down. A news release from the union representing Teva workers says they were provided details Tuesday of plans for the shutdown.


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES