teva layoffs

People protest outside a Teva Pharmaceutical Industries facility in Jerusalem on December 14
This week in Jerusalem: Life after Teva

A proposal was made that there should be an incentive to other firms in Jerusalem to absorb as many dismissed Teva employees as possible.

28/12/2017
Some 1,780 Jerusalemites are employed at the city’s two branches of Teva
Economy minister: Teva should earn its tax breaks

Teva has received some NIS 22 billion in tax breaks and grants over the past decade, without any conditions regarding layoffs in return.

WORKERS OF Teva Pharmaceutical Industries stand at the entrance to their facility in Ashdod earlier
Middle Israel: Wanted, Capitalism with a human face

The 30-year journey from mass layoffs at socialist behemoth Koor to mass layoffs at capitalist flagship Teva is part of a global need for a new economic idea.

Some 1,780 Jerusalemites are employed at the city’s two branches of Teva
Jerusalem's Teva turmoil

There are some 1,780 Jerusalemites employed at the city’s two branches of Teva, which for decades has been one of the country’s greatest industrial success stories.

23/12/2017
Teva CEO KAre Schultz and ISraeli Prime Minister Benjamin Netanyahu
Teva CEO rejects Netanyahu plea to minimize layoffs, avoid closing Jerusalem plant

Outside the meeting, thousands of soon-to-be laid-off Teva employees demonstrated with their families.

Teva Pharmaceutical Industries workers block a road during a demonstration near the facility
Teva’s lessons

Teva’s fall is tragic. But we should not learn the wrong lessons.

Teva Pharmaceutical Industries workers block a road during a demonstration near the facility
Is Teva’s downfall pharma’s Lavi moment?

If done right, Israel could turn the Teva crisis from a misfortune into an opportunity.

18/12/2017
Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting at the Prime Minister's
Netanyahu thanks United States for 'defending Israel's truth'

Prime Minister Benjamin Netanyahu said that American Vice President Pence is “a great friend of Israel and a great friend of Jerusalem.”

17/12/2017
Nation girds for general strike today in protest of Teva layoffs

Morning flights halted at Ben-Gurion, public transit to operate as usual.

Politicians can decry Teva layoffs, but why did they give billions in tax breaks?

Teva has benefited from an estimated NIS 22 billion ($6.2b.) in tax breaks and subsidies from 2006 until today.

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