Report: Protest over Teva layoffs shuts down Israel’s airport, banks

Israel’s public-sector labor union staged a strike yesterday to protest Teva Pharmaceuticals‘ (NYSE:TEVA) move to cut more than 25% of its global workforce in an effort to restructure the company.

Teva is one of Israel’s largest companies and its decision to close an Israel-based manufacturing site and slash jobs has angered groups in Israel, who point the blame at debts that Teva has acquired abroad.

Get the full story at our sister site, Drug Delivery Business News.

The post Report: Protest over Teva layoffs shuts down Israel’s airport, banks appeared first on MassDevice.

from MassDevice http://ift.tt/2AXrGwR