PM to Teva boss: Minimize damage to workers, especially in periphery

Prime Minister Benjamin Netanyahu called Teva's CEO Kare Schultz on Thursday.

December 14, 2017 14:20
A Teva Pharmaceutical Industries building in Jerusalem

A Teva Pharmaceutical Industries building in Jerusalem. (photo credit: AMMAR AWAD / REUTERS)


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With pharmaceutical giant Teva set to lay off thousands of people and a general Histadrut strike set for Sunday to protest the move, Prime Minister Benjamin Netanyahu called the company's CEO Kare Schultz on Thursday and asked him to minimize the damage to Israeli workers.

According to the PMO, Netanyahu expressed his concern about the state of the company and asked Schultz to especially try to minimize the impact of the company's current restructuring moves on workers in the periphery, expected to be particularly hard hit by the layoffs.

According to the PMO, Schultz said the firm would take “supreme efforts” to reduce the damage to its workers.

Netanyahu also told Schultz he needed to do “everything possible to preserve Teva's character as an Israeli company, something the CEO said that he would do.

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