BREAKING NEWS

Union boss to meet Teva chief on company's mass dismissals

By JOHN BEN ZAKEN, ISRAEL POST

OCTOBER 15, 2013 14:20

The Histadrut Labor Federation chairman Ofer Eini was expected to meet Tuesday with the president of Israeli pharmaceutical giant Teva, Jeremy Levin, to discuss a planned wave of dismissals at Teva that could see hundreds of people in Israel lose their jobs.

Teva announced last week that it would fire 5,000 employees worldwide, a tenth of its workforce, as part of "steps to accelerate the reduction of costs and to optimize its structure and processes." Most of the layoffs will be completed by the end of 2014. Nearly all Teva's employees in Israel are members of the Histadrut.

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