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Israeli pharmaceutical company Teva will announce the lay offs of thousands of employees on Thursday, according to Israeli media.
The embattled Israel-based company is trying to drastically reduce its expenses within the next two years.
Last month, the debt-laden company was reportedly considering firing 20% to 25% of its 6,860 workers in Israel. The company was also considering whether to send termination letters to 4,000 people worldwide.
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