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CEO Kåre Schultz his restructuring plan would restore the company’s financial security and stabilize its business.
The strike announcement followed reports that the company will announce as many as 3200 layoffs tomorrow.
A total of 10,000 of the company’s total 56,000 employees are projected to lose their jobs worldwide.
This collapse comes in the wake of the world's biggest generic drugs maker attempt to dominate its market with a $40.5 billion acquisition of Allergan's generics business last year. It was a bad call.
TEVA and INTEL are teaming on a new joint technology project designed to help relieve the suffering of patients with Huntington's disease.
An Israeli executive claims an Avis agent said it was "company policy not to recognize Israeli documents."
Pres. Reuven Rivlin launches joint project with 'Collective Impact' to integrate Israeli Arab workers into private business sector.
The Israeli economy is on the way to becoming owned by foreigners.
Teva Pharmaceutical announced on Thursday that its new CEO will be Erez Vigodman, who until now has been the CEO for the huge phosphate...
Jeremy Levin, who moved to Israel last year to take over the helm at Teva Pharmaceuticals only to be fired last month, say he...
The pharmaceutical giant Teva's French division, Teva France, announced that the preliminary investigation conducted by the Paris Prosecutor resulted in the conclusion that there...
Teva, the world leader in generic medication will be soon be launching a generic version of Pfizer's Viagra in the UK and Europe. Pfizer's Viagra...
Several people died or have been hospitalized in serious condition after taking a drug that was released inadvertently in the packing of medicine treating pulmonary edema.
The third Netanyahu government's unprecedented composition ushers in a power struggle within the ruling party.