Exchange of Teva stock halted

By JPOST.COM STAFF
December 14, 2017 14:21
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Breaking news. (photo credit: JPOST STAFF)

 
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Exchange of Teva stock has been halted Thursday following the company's announcement that it intends to slash 25% of its global workforce, according to Israeli media reports.

On Thursday, Israel's Labor Federation Union announced it would hold a general strike amid reports that the pharmaceutical giant plans to lay off hundreds of workers in Israel. On Thursday morning, hundreds of the company's employees blocked the entrance to the main manufacturing plant in Kiryat Smona.

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