The Israeli government isn’t considering punitive measures against debt-strapped Teva over its plan to fire a quarter of its Israeli work force, according to an official close to Prime Minister Benjamin Netanyahu.
The Israeli government isn’t considering punitive measures against debt-strapped Teva Pharmaceuticals over its plan to fire a quarter of its Israeli work force, according to an official close to Prime Minister Benjamin Netanyahu.
Instead, it will work with the company to reduce the number of dismissals by offering government help where possible, the official said, speaking on condition of anonymity because he wasn’t authorized to comment on the record. He didn’t give details of possible government assistance, citing a planned meeting between Netanyahu and other senior Israeli officials with Teva CEO Kare Schultz later this week.
