While the world’s largest generics drug maker has denied the reports of 11% layoffs, it confirms the efficiency plan.
Teva Pharmaceutical Industries' (TEVA.TA) plans to end unprofitable activities and freeze recruitment, but said Israeli media reports of up to 6,000 layoffs were incorrect. Earlier on Thursday, two of Israel's leading financial news websites carried separate reports that Teva, the world's biggest generic drug maker and Israel's largest company, planned to fire between 2,000 and 6,000 workers - or as much as 11 percent of the workforce. "The efficiency program is an integral part of Teva's business reality.
Teva Pharmaceutical Industries Ltd. signaled plans to cut an unspecified number of jobs as the world’s largest maker of cheap copycat drugs seeks to exit unprofitable operations and reduce expenses in ...
TEVA : Summary for Teva Pharmaceutical Industries - Yahoo Finance
Teva Pharmaceutical Industries Limited (TEVA)
NYSE - NYSE Real Time Price. Currency in USD
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|Bid||32.36 x 1500|
|Ask||32.73 x 400|
|Day's Range||32.38 - 32.77|
|52 Week Range||31.90 - 58.16|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||462.71|
|Dividend & Yield||1.36 (4.17%)|
|1y Target Est||N/A|