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Teva Pharmaceutical Industries Limited (TEVA) To Speed Up Cost-Cutting Plans, Layoffs And Facility Shutdowns On The Horizon


5/5/2014 3:56:26 PM

Teva isn't the only one hiring, others are hiring too! Check it out! (Isn't it tempting?)

The new chief executive officer of Teva Pharmaceutical Industries Ltd., told financial analysts Thursday that the drugmaker will accelerate its previously announced cost-cutting plan, which includes layoffs and closing facilities. In hopes of "fixing the foundation," CEO Erez Vigodman said Teva is evaluating 16 more facilities after earlier identifying 11 plants that will be closed or divested. Teva's 2013 annual report on file with the Securities and Exchange Commission listed 94 "principal facilities and properties," worldwide as of Dec. 31.

Don't forget, hundreds of biopharma companies are hiring! (We know you can't resist.)

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