EMCC European Monitoring Centre on Change

Teva Pharmaceutical Industries

Company/Organisation:
Teva Pharmaceutical Industries

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
Number Employed: 46000
Group: Teva Pharmaceutical Industries

Employment Effects

Announcement Date: 10-10-2013
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2014
Foreseen End Date: 31-12-2014

Additional Information

Israel-based Teva Pharmaceutical Industries group is to cut 5,000 jobs worldwide by the end of 2014.

As announced, in December 2013 there will be specific details on where the cost-cutting measures will take place. Currently, the company operates in about 60 countries.

For previously reported restructuring see: Teva-HU2012, Teva-FR2012, Teva-CZ2010, Teva-HU2010, Teva-IE2009, Teva-CZ2009, Teva-EU2009, Teva-PL2009, and Teva-HU2008.