search
layoffs
Teva Pharmaceutical Industries employees protest closure plans outside a company building in Ashdod, December 17, 2017. (Flash90)
April 9, 2018, 4:34 pm
Teva to shut Ashdod plant within year, with loss of 175 jobs
Company statement follows on from December announcement that debt-ridden pharma giant will fire 14,000 workers worldwide over next two years, including some 1,750 in Israel
By Sue Surkes
Super-Pharm, the largest, leading drugstore chain in Israel. July 13, 2014. (Moshe Shai/FLASH90)
December 25, 2017, 12:18 pm
Super-Pharm to trim staff of beauty consultants by 1,300
Pharmacy chain says it will lay off almost half of its customer assistants in attempt to cut costs and lower product prices amid rising competition
By Michael Bachner
Workers of the Teva company protest against the company plan to lay off hundreds of employees, outside the TEVA Pharmaceutical Industries building in Jerusalem, December 17, 2017. (Noam Revkin Fenton/Flash90)
December 17, 2017, 3:57 pm
Teva workers barricade themselves in Jerusalem plant, burn tires
200 pharma employees and family members lock themselves in facility, prevent managers from leaving as protests against layoffs sweep country
By TOI staff
Workers of the Teva company protest against the company plan to lay off hundreds of employees, in Petah Tikva, December 17, 2017. (Tomer Neuberg/Flash90)
December 17, 2017, 12:30 pm
Airport, ministries, companies reopen after Teva ‘solidarity’ strike
Service at bank, post office, courts resumes following protests over pharmaceutical giant’s planned layoffs of some 1,750 Israeli workers
By TOI staff and AFP
Teva Pharmaceutical Industries employees protest closure plans outside a company building in Ashdod, December 17, 2017. (Flash90)
December 17, 2017, 10:21 am
Teva workers protest layoffs as solidarity strike grinds country to halt
Demonstrations held across Israel; protesters block traffic and burn tires over pharma giant’s plan to slash 1,750 jobs
By TOI staff and AFP
An Israeli worker walks by the offices of Israeli pharmaceutical company Teva Industries in Jerusalem, October 11, 2013. (Yonatan Sindel/Flash90)
December 13, 2017, 10:51 pm
Union calls strike over thousands of expected Teva layoffs
Histadrut says much of country, including airports, will shut down for hours on Sunday morning to protest drugmaker’s plan to firre half of its workforce
By TOI staff and Shoshanna Solomon
A general view of TEVA Pharmaceutical Industries in Jerusalem, Israel, October 11, 2013. (Yonatan Sindel/Flash90)
December 13, 2017, 11:22 am
Teva reportedly to present job cuts plan on Thursday
Yitzhak Peterburg, who served as interim chief executive, has resigned from the board effective immediately, troubled drug-maker says
By Shoshanna Solomon
Kåre Schultz, CEO and president of Teva. (Courtesy)
December 10, 2017, 12:33 pm
Teva shares jump in Tel Aviv after report of up to 10,000 job cuts
Pharmaceutical firm’s new CEO aims to cut expenses by $1.5 billion-$2 billion over the next two years, Bloomberg says
By Shoshanna Solomon
An Israeli system engineer keeps watch over a production line at the Teva factory in Jerusalem. (Olivier Fitoussi/Flash90)
August 3, 2017, 6:03 pm
As shares plunge, Teva sees 7,000 layoffs by year’s end
Jerusalem based drugmaker plans to shut plants, slashes dividend on disappointing quarterly results
By Shoshanna Solomon
Teva's facility in Har Hotzvim, Jerusalem (Nati Shohat/Flash90)
From the WebJuly 23, 2017, 4:55 pm
Teva to reduce workforce in Israel, mainly in production
Reuters: Teva Pharmaceutical Industries is planning to lay off some of its 7,000 workers in Israel in the coming months as it strives to improve competitiveness
A general view of TEVA Pharmaceutical Industries in Jerusalem, Israel, October 11, 2013. (Yonatan Sindel/Flash90)
March 23, 2017, 12:46 pm
Teva said to plan cuts of as many as 6,000 jobs globally
Layoffs, including of workers in Israel, come as drugmaker contends with a drop in profit and high debt, Calcalist reports
By Shoshanna Solomon
A screenshot from a 2013 promotional video for Banc de Binary (Youtube)
January 11, 2017, 6:35 pm
Major Israeli binary firm, Banc de Binary, lays off employees, said to be shutting down
Blacklisted and fined in several countries, company has voluntarily renounced its Cyprus regulation; some insiders speculate it will relocate to eastern Europe and operate under a different name
By Simona Weinglass
Workers at Intel's Kiryat Gat plant (Photo credit: Courtesy)
April 20, 2016, 4:30 pm
Intel’s Israel staff could face massive job cuts
The high-tech giant is planning to let go of 12,000 employees in global restructure, but won’t say which locations will be hit hardest
By TOI staff and AP
A client seeks work at an unemployment office in Jerusalem (Photo by Yossi Zamir/Flash90)
August 18, 2014, 12:37 pm
Global economy, not war with Hamas, hits Israeli IT
Israeli tech industry weathered Gaza war just fine, poll shows; it’s the global economy threatening the sector
By David Shamah
Teva's facility in Har Hotzvim, Jerusalem (Nati Shohat/Flash90)
October 15, 2013, 10:07 pm
Teva freezes layoffs of some 800 Israeli employees
Histadrut chief and CEO of pharmaceutical giant agree that any firings will take place only with agreement of labor representatives
By Haviv Rettig Gur
Load More