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Teva Pharm agrees with workers on closing Jerusalem inhaler plant

Reuters  |  TEL AVIV 

TEL AVIV (Reuters) - Israel's Teva Pharmaceutical Industries said on Wednesday it had reached an agreement with workers on closing its inhaler factory in Jerusalem by the end of 2019, ending weeks of labour unrest at the facility.The plant is slated to be shut as part of a global restructuring in which the world's largest generic drugmaker will cut more than a quarter of its workforce, or 14,000 jobs.Since the cost-cutting plan was announced last month, workers from the inhaler plant have been disrupting operations.Under the agreement reached between Teva, the Histadrut labour federation and ...

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First Published: Wed, January 10 2018. 21:54 IST