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Teva to Lose 20–25 Sites, Cut 14,000 Workers in Next 2 Years

Sarah Collins
Teva to Lose 20–25 Sites, Cut 14,000 Workers in Next 2 Years

Can Teva Pharmaceutical's Restructuring Plan Help It Recuperate? As part of its recent restructuring plan, Teva Pharmaceutical Industries (TEVA) announced a $3 billion restructuring plan in December 2017. As part of its cost-saving initiative, the company plans to shut down some of its manufacturing facilities and cut its employee base.